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Willoughby-Eastlake

Learn about the people, housing, costs and businesses in Willoughby-Eastlake, Ohio

Median Home$247,949
Median Rent$1,122/month
Population146,368
Leading IndustriesManufacturing · Transportation · Education3% manufacturing
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners70% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Willoughby-Eastlake
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Willoughby-Eastlake?

As of today, the 30-year fixed mortgage rate for Willoughby-Eastlake is approximately 6.989% (7.029% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Willoughby-Eastlake?

The median home value in Willoughby-Eastlake is $248k. The median monthly rent is $1,122. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Willoughby-Eastlake?

Home values in Willoughby-Eastlake have increased 13.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Willoughby-Eastlake?

Based on a typical all-in ownership cost of $1,133/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Willoughby-Eastlake is $75k/year.

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What industries drive the economy in Willoughby-Eastlake?

The largest employment sectors in Willoughby-Eastlake are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.