Willoughby, OH is a great place to live for those looking to purchase a home. The median value of housing in Willoughby is $188,100, which is lower than the US median of $338,100. This makes it an attractive option for potential homeowners who want to save money when purchasing a house. Additionally, the 1 year appreciation rate of house values in Willoughby is 10.26%, which is higher than the US average of 8.27%. This indicates that not only will potential buyers save money by buying a home in Willoughby today but they can also look forward to their investment increasing over time.
The median home cost in Willoughby is $188,100. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Willoughby is up 13.4%.
Average Age of Homes
- The median age of Willoughby real estate is 45 years old
The Rental Market in Willoughby
- Renters make up 36.1% of the Willoughby population
- 1.4% of houses and apartments in Willoughby, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.