HomeOhioLake CountyWilloughby city
Willoughby city, Ohio: commercial real estate data.
Willoughby city is a Census city of 24,046 people across 10.24 square miles of land, in Lake County. Median household income is $71,309, 63.4 percent of occupied homes are owned, and the SBA record carries 91 7(a) approvals to borrowers here worth $28.7 m.
82 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Willoughby
What Willoughby is
- Census place typecity
- Land area10.24 sq mi
- Water area0.09 sq mi
- Population per square mile of land2,349
- County holding the largest share of its areaLake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Willoughby
How many people live in Willoughby
- Population24,046
- Median age45.6
- Population under 183,911
- Share under 1816.3 percent
- Population 65 and over5,873
- Share 65 and over24.4 percent
- Households11,783
- Family households6,076
- Share of households that are families51.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Willoughby
Income and work in Willoughby
- Median household income$71,309
- Per capita income$45,050
- Civilian labor force13,141
- Employed12,608
- Unemployed533 plus or minus 196
- Unemployment rate4.1 percent plus or minus 1.5
- Adults 25 and over18,404
- Adults 25 and over with a high school diploma or higher96.2 percent
- Adults 25 and over with a bachelor degree or higher36.6 percent
- Adults 25 and over with a graduate degree10.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Willoughby
Housing in Willoughby
- Housing units12,393
- Occupied units11,783
- Vacant units610 plus or minus 185
- Vacancy rate4.9 percent plus or minus 1.5
- Owner occupied7,471
- Renter occupied4,312
- Ownership rate63.4 percent
- Median owner-occupied home value$216,900
- Median gross rent, monthly$1,171
- Annual rent as a share of median income19.7 percent
- Single family units7,404
- Share single family59.7 percent
- Units in buildings of two or more4,564
- Share in buildings of two or more36.8 percent
- Mobile homes425 plus or minus 187
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Willoughby
How Willoughby gets to work
- Workers 16 and over who commute10,073
- Commuting under 15 minutes2,466
- Share commuting under 15 minutes24.5 percent
- Commuting 30 minutes or more2,952
- Share commuting 30 minutes or more29.3 percent
- Drove alone69.4 percent
- Carpooled9.4 percent plus or minus 3.0
- Public transport1.0 percent plus or minus 0.7
- Walked0.9 percent plus or minus 0.6
- Worked from home18.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Willoughby
SBA loans in Willoughby (7(a))
- Approvals91
- Gross approval$28,720,100
- Average approval$315,605
- Median approval$100,000
- Ninetieth percentile approval$658,000
- Largest approval$3,632,800
- Jobs supported684
- Jobs per approval7.5
- Loans with a final outcome22
- Paid in full21
- Charged off1
- Charge-off rate over resolved loans4.5 percent
- Median term120 months
- Share on real estate terms of 20 years or more13.2 percent
- Share to franchises9.9 percent
- Distinct lenders19
- Distinct industries by NAICS60
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Willoughby
SBA loans in Willoughby (504)
- Approvals21
- Gross approval$8,216,000
- Average approval$391,238
- Median approval$304,000
- Largest approval$1,350,000
- Jobs supported175
- Loans with a final outcome12
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs6
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Willoughby
Flood risk in Willoughby
- Listed NFIP communities1
- Of those, participating1
- NFIP community number390322
- Currently effective map date05/04/21
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Lake County, not Willoughby
Lake County context, not Willoughby figures
These are Lake County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Willoughby measurements.
- Establishments in Lake County5,504
- Employment at those establishments, Lake County87,115
- Covered employment, Lake County98,558
- Average annual pay, Lake County$59,040
- Average weekly wage, Lake County$1,135
- Housing units permitted, Lake County428
- Of those, single family, Lake County402
- County product, 2024, Lake County$15,716,591,000
- County product change over the prior year, Lake County5.3 percent
- Average income of an arriving household, Lake County$63,913
Every figure in this section is published for Lake County as a whole and is not a measurement of Willoughby. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Willoughby questions, answered from the record.
How many people live in Willoughby, Ohio?
24,046, in 11,783 households. Willoughby city covers 10.24 square miles of land, which is 2,349 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Willoughby in?
Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Willoughby?
$71,309. The median owner-occupied home is valued at $216,900. Median gross rent is $1,171 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Willoughby businesses?
91 7(a) approvals totalling $28.7 m, across 19 lenders, median approval $100,000, plus 21 504 approvals worth $8.2 m. These count approvals to borrowers whose address is in Willoughby, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Willoughby borrowers get paid back?
Of the 22 loans that have reached a final outcome, 21 were paid in full and 1 charged off, a charge off rate of 4.5 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Willoughby in the National Flood Insurance Program?
Yes. Willoughby appears in the FEMA Community Status Book as community 390322, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Willoughby figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Willoughby.
Is zoning published for Willoughby?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.