Rent to own Homes in Willoughby, OH
Named for a 19th century public health official, Willoughby, Ohio is located at the crossroad of Interstates 90 and 271. Residents choose Willoughby for its proximity to Cleveland and the variety of shopping, dining and living options here. The downtown area has been renovated but still retains its early 20th century charm. There are 22,268 residents of Willoughby who pass through the city's traffic lights, an invention which was first tested by Garrett Morgan in downtown Willoughby in the 1920s.
Willoughby, OH is a great place for affordable rent-to-own homes! With a median household income of over $60,311 and a median rent of $988, the Willoughby, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Willoughby, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Willoughby, OH Property Resources
Rent to own Homes in Cities Near Willoughby, OH
- Bass Lake
- Bedford Heights
- Bentleyville
- Boston Heights
- Broadview Heights
- Brooklyn
- Chardon
- Chesterland
- Cuyahoga Falls
- Euclid
- Glenwillow
- Grand River
- Highland Heights
- Hudson
- Hunting Valley
- Huntsburg
- Independence
- Kirtland
- Lakeline
- Lakewood
- Linndale
- Lyndhurst
- Macedonia
- Mantua
- Maple Heights
- Mentor-on-the-Lake
- Middleburg Heights
- Moreland Hills
- Newbury
- Orange
- Painesville
- Parma
- Parma Heights
- Peninsula
- Reminderville
- Richfield
- Richmond Heights
- Rocky River
- Shaker Heights
- Solon
- South Euclid
- South Russell
- Stow
- Streetsboro
- Sugar Bush Knolls
- Timberlake
- Twinsburg Heights
- University Heights
- Waite Hill
- Wickliffe
Neighborhoods in Willoughby, OH
No neighborhoods foundPopular Zip Codes in Willoughby, OH
44096 rent to own homesBuying a Home in Willoughby, OH
Willoughby, OH is seeing rapid growth and Willoughby, OH's' housing market remains optimal with an average home price that is -27% below the 2024 national average. Willoughby, OH is part of Lake county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lake is 1.54% which is above the national average, which is 0.99%.
Median Home Price in Willoughby, OH
Median Rent in Willoughby, OH
Top 5 Reasons to Live in Willoughby, OH
Visit historic Downtown Willoughby! Erie Street, the main street in downtown Willoughby, is where turn-of-the-century architecture meets modern amusement. Each holiday season, visitors from near and far go to Public Square to watch the annual lighting ceremony, enjoy an arts and crafts fair, partake in holiday caroling, have breakfast with Santa Claus or participate in a bar crawl. Every Halloween, Willo-Boo entertains residents and in the summer, a Classic Car Cruise-in entertains residents and tourists alike.
Great place to stay and keep fit! There are 21 set courses for walkers and runners in Willoughby. Lost Nation Municipal Golf Course is open year-round. Two outdoor pools serve residents-the Osborne Park pool, located on the north side and another public pool on Euclid Avenue. Willoughby Ski Club caters to those who crave winter sports.
Home values are increasing! The median sales price for homes in Willoughby has increased 2.7 percent since 2013. Buyers can choose a renovated early 20th century home for sale near Second and Erie Streets. These historic residences retain their antique gas fittings and unique floor plans. Newer houses for sale are located just off Euclid Avenue.
Location, location, location! From the nearby LakeWest Hospital to fine dining at Gavi's (previously the Cleveland Painesville and Eastern Railroad's repair shop), Willoughby is convenient to everything in Lake County. In fact, Willoughby is so conveniently located that it is the only town in America that has been claimed by six counties over the course of history (Lake, Geauga, Jefferson, Cuyahoga, Washington, Jefferson, and Trumbull).
Play more and work less with a lower cost of living! Living near Lake Erie offers more than the opportunity to play water sports. Between Lost Nation Municipal Airport and the lake, there are great rent to own condominiums available in several communities. For those who require an efficient commute, rentals are also available close to the on-ramp to Interstate 271. With a cost of living 3.7 percent less than the national average, buyers and renters can play more and work less when they live in Willoughby.