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These days, finding an affordable place to live in the Toledo area can be challenging. Home prices in Toledo are now at a median cost of $128,844, lower than the Iowa average of $226,062.
The average cost of rent is $943/mo in Toledo, primarily driven by the current value of real estate in the Toledo area. In Toledo, 36.26% of households rent, and 51.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Toledo is $5,177 per month. Households that rent pay about 18.21% of their income on rent here. Toledo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tama, IA: less expensive homes
- Montour, IA: higher priced homes
- Garwin, IA: equally priced homes
- Vining, IA: higher priced homes
- Le Grand, IA: higher priced homes
- Clutier, IA: less expensive homes
- Chelsea, IA: higher priced homes
- Quarry, IA: higher priced homes
- Sheridan, IA: higher priced homes
- Gilman, IA: equally priced homes
Cities with Similar Populations
- Arcadia, LA: less expensive homes
- Crescent, OK: higher priced homes
- Downsville, LA: higher priced homes
- Lennox, SD: higher priced homes
- Waterflow, NM: less expensive homes
- Verona, NY: higher priced homes
- Sturgis, KY: equally priced homes
- Seward, AK: higher priced homes
- Rossville, TN: higher priced homes
- Ripley, OH: higher priced homes
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