Similar to its surrounding areas, it is a little more expensive compared to the rest of the country. However compared to the city of Cleveland, it's significantly more expensive.
Home prices
The value of the median home in Willoughby Hills is $254,700. This is about $3,580 (1%) higher compared to the surrounding areas.In comparison to the nation as a whole it is about $37,200 (17%) higher, and it is approximately $185,100 (265%) higher in comparison to the city of Cleveland.
Rents
The median monthly rent in Willoughby Hills is $925. This is approximately $117 (11%) lower in comparison to other places in this area.Compared to the entire country it is roughly $137 (12%) lower, and it is approximately $206 (28%) higher in comparison to the city of Cleveland.
Nearby places
Wickliffe
Wickliffe is Willoughby Hills's neighbor to the northwest. Housing prices there are substantially less expensive. The median home in Wickliffe is valued at $121,500, which works out to $133,200 (109%) lower than Willoughby Hills. The rent there is a little more expensive. The median monthly rent in Wickliffe is $1,029, which works out to $104 (10%) higher than Willoughby Hills.
Mayfield
Mayfield is Willoughby Hills's neighbor to the south. The housing prices there are a little less expensive. The median home in Mayfield costs $234,000, which works out to $20,700 (8%) lower than Willoughby Hills. The rent there is a bit more expensive. The median rent in Mayfield is $1,166 per month, which is $241 (20%) higher than Willoughby Hills.
Waite Hill
Waite Hill is Willoughby Hills's neighbor to the northeast. Its real estate prices are significantly more expensive. The price of the median home in Waite Hill is $639,900, which works out to $385,200 (60%) higher than Willoughby Hills. Rent there is substantially more expensive. Waite Hill's median monthly rent is $1,375, which is $450 (32%) higher than Willoughby Hills.
Richmond Heights
Richmond Heights is Willoughby Hills's neighbor to the southwest. Its real estate prices are significantly less expensive. The median home price in Richmond Heights is $141,100, which comes out to $113,600 (80%) lower than Willoughby Hills. Its rents are somewhat less expensive. In Richmond Heights the median rent is $782 per month, which works out to $143 (18%) lower than Willoughby Hills.
Willowick
Willowick is about 3 miles northwest of Willoughby Hills. Real estate prices there are a lot less expensive. The median home in Willowick is valued at $119,100, which comes out to $135,600 (113%) lower than Willoughby Hills. Rents there are somewhat less expensive. In Willowick the median rent is $860 per month, which works out to $65 (7%) lower than Willoughby Hills.
