Willoughby Hills, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Willoughby Hills Neighborhoods Since 2000




Willoughby Hills, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Willoughby Hills Housing Market Information

With 9,382 people, 4,444 houses or apartments, and a median cost of homes of $263,338, Willoughby Hills real estate is some of the most expensive in Ohio, although Willoughby Hills home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Willoughby Hills, accounting for 47.37% of the city's housing units. Other types of housing that are prevalent in Willoughby Hills include single-family detached homes ( 47.07%), row houses and other attached homes ( 2.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.20%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Willoughby Hills primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Willoughby Hills has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Willoughby Hills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Willoughby Hills built between 1940-1969 ( 38.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.18%). There's also some housing in Willoughby Hills built before 1939 ( 3.76%).

Willoughby Hills Home Appreciation Rates

Willoughby Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Willoughby Hills during the period has been just -1.14%, which is lower than 70% of US communities.

Over the last year, Willoughby Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Willoughby Hills's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willoughby Hills were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Willoughby Hills's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$263,338

Willoughby Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
2.15% 0.12% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$876 / per month

Homeownership Rate

Homeownership
Owners 47.25
Renters 52.75
Vacant 6.74

Housing Market Details

 

Age of Homes

AGE OF Willoughby Hills HOMES
2000 or Newer 8.2
1970 - 1999 49.3
1940 - 1969 38.7
1939 or Older 3.8

Types of Homes

TYPE OF Willoughby Hills HOMES
Single-Family 47.1
Townhomes 2.7
Small Apt. Buildings 2.2
Apt. Complexes 47.4
Mobile Homes 0.0
Other 0.6

Home Size

SIZE OF Willoughby Hills HOMES
No Bedroom 1.07
1 Bedroom 19.06
2 Bedrooms 34.40
3 Bedrooms 26.30
4 Bedrooms 16.45
5 or more bedrooms 2.73

Popular Neighborhoods in Willoughby Hills

Zip Codes in Willoughby Hills, OH