HomeOhioLake CountyWilloughby
Willoughby, Ohio: commercial real estate data.
Willoughby 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 since FY2020.
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
- 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
Counted by borrower city: approvals to borrowers whose address is in Willoughby, in any county, FY2020 to FY2026. Only 22 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
- Median term240 months
- Distinct CDCs6
Counted by borrower city: approvals to borrowers whose address is in Willoughby, in any county, FY2010 to FY2026. Only 12 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Willoughby
Flood risk in Willoughby
- NFIP communityCity of Willoughby
- NFIP community number390322
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date05/04/21
The City of Willoughby participates in the National Flood Insurance Program as community 390322 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lake County, not Willoughby
Lake County context, not Willoughby figures
- Establishments in Lake County5,504
- Covered employment, Lake County98,558
- Average annual pay, Lake County$59,040
- Housing units permitted, Lake County428
Every figure in this section is published for Lake County as a whole and is not a measurement of Willoughby.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $28.7 m since FY2020, across 19 lenders, median approval $100,000, plus 21 504 approvals worth $8.2 m since FY2010. 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?
No rate is published for Willoughby. Only 22 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Willoughby in the National Flood Insurance Program?
Yes. Willoughby appears in the FEMA Community Status Book as Willoughby, city of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.