Market Overview
Home Prices in Willoughby, OH
The median home value in Willoughby, OH is $248,199 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Willoughby are priced39% below average. Willoughby is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Willoughby home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Willoughby Home Price Trend
City Comparison
Willoughby vs. National Median
At $248,199, homes in Willoughby cost 39% below the national median of $410,000. This makes Willoughby a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Willoughby?
20% Down Payment
$49,640
on $248,199
Monthly P&I
$1,294/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,643/mo
incl. taxes & insurance
Income Needed
$65,720
gross annual (30% rule)
10% Down Option
$24,820
+ PMI applies
Loan Amount (20% dn)
$198,559
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Willoughby, OH?
The median home value in Willoughby is $248,199 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Willoughby?
Over the past year, home values in Willoughby have increased by 3.6%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Willoughby?
To comfortably afford the median home price of $248,199 with a 20% down payment ($49,640) at today's rates (6.8%), you'd need a gross annual income of approximately $65,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Willoughby compare to the national average home price?
The national median home value is approximately $410,000. At $248,199, homes in Willoughby are 39% below the national average.
What metro area is Willoughby part of?
Willoughby is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.