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Foreclosures in Willoughby Hills, OH

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Home Value Estimator For Willoughby Hills, OH

There are currently 2,540 real estate properties in Willoughby Hills, OH, with a median automated valuation model (AVM) price of $321,102.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Willoughby Hills, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Willoughby Hills, OH, is $374,407.00, with the most expensive house in Willoughby Hills, OH, topping out at $2,956,257.00 and the cheapest home in Willoughby Hills, OH, clocking in at $48,922.00. In other words, there’s something for every potential homebuyer or savvy investor in Willoughby Hills, OH!


Rent Prices In Willoughby Hills, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Willoughby Hills, OH, is on a rollercoaster ride. The average rent price in Willoughby Hills, OH, is $1,762.00. Indeed, when looking to rent in Willoughby Hills, OH, you can expect to pay as little as $670.00 or as much as $2,540.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Willoughby Hills, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Willoughby Hills, OH In 2024

Willoughby Hills is located in Lake, Ohio, with an estimated municipal population of 9,553 residents. All of the best foreclosed homes for sale in Willoughby Hills are located in the following zip code areas on Foreclosure.com: 44094 44092. The estimated population per square kilometer (.62 miles) in Willoughby Hills is 342.


Cost Of Living In Willoughby Hills, OH

So, about how much do homes cost in Willoughby Hills? The most recent median value of resident-owned homes in Willoughby Hills is 261,937. An estimated 42.5 percent of households in Willoughby Hills own their homes, with an average family size of 2.72. The median household income in Willoughby Hills is 59,328, with22.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Willoughby Hills, the median commute time of resident workers (in minutes) is 21.6. And last, but certainly not least, are you looking for homes to rent in Willoughby Hills? If so, the average rent price paid by renters in Willoughby Hills is 925, according to recent statistics.


Diversity And Demographics In Willoughby Hills, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Willoughby Hills, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Willoughby Hills is 44.2, split between 52.2 percent male versus 47.8 female. The percentage of residents who report being married in Willoughby Hills is 49.1, with an average family size of 2.72.

The percentage of residents who report their race in Willoughby Hills is as follows:

White 70%
Black / African American 22.2%
Asian 6.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

Looking for family-friendly neighborhoods in and/or near Willoughby Hills? Or maybe you are searching for 55+ active adult communities in and/or near Willoughby Hills?

The percentage of residents who report their age in Willoughby Hills is as follows:

Under 10 5.7%
Aged 10-19 10.6%
20s 16%
30s 11%
40s 14.7%
50s 15.1%
60s 12.5%
70s 8.4%
80+ 6%

Best Schools In Willoughby Hills, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Willoughby Hills with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Willoughby Hills.


Pros And Cons Of Living In Willoughby Hills, Ohio

How do you know that living in -- or moving to -- Willoughby Hills is right where you need to be? Perhaps you grew up in Willoughby Hills or already live nearby; therefore, the decision to buy a home in Willoughby Hills is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Willoughby Hills for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Willoughby Hills:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Willoughby Hills.


Reasons To Move To Willoughby Hills, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Willoughby Hills can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Willoughby Hills, meanwhile, can field multiple offers from more qualified buyers.

Willoughby Hills, OH Foreclosures


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