Performance indicators for the Willoughby short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Willoughby.
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Challenging to Investors
Legality is unclear in a regulatory gray area (no explicit prohibition or permitting), with no current fees/caps but a future framework (zoning, caps, strike system) that could tighten quickly; enforcement is complaint-driven and inconsistent, and neighboring bans raise the risk of future restrictions or state preemption.
Local STR Agent
STR specialist · Willoughby, OH
Willoughby is a city in Lake County, Ohio, United States, along the Chagrin River. The population was 23,959 at the time of the 2020 census. A suburb of Cleveland, it is part of the Cleveland metropolitan area.