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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 $193,754, lower than the Ohio average of $236,816.
The average cost of rent is $1,055/mo in Toledo, primarily driven by the current value of real estate in the Toledo area. In Toledo, 36.30% of households rent, and 41.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Toledo is $6,510 per month. Households that rent pay about 16.21% of their income on rent here. Toledo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ottawa Hills, OH: higher priced homes
- Rossford, OH: equally priced homes
- Lambertville, MI: higher priced homes
- Sylvania, OH: higher priced homes
- Temperance, MI: higher priced homes
- Whiteford Center, MI: higher priced homes
- Oregon, OH: higher priced homes
- Holland, OH: higher priced homes
- Maumee, OH: higher priced homes
- Northwood, OH: equally priced homes
Cities with Similar Populations
- Allentown, PA: higher priced homes
- Athens, GA: higher priced homes
- Baton Rouge, LA: higher priced homes
- Battle Creek, MI: less expensive homes
- Arlington, TX: higher priced homes
- Anderson, SC: higher priced homes
- Auburn, WA: higher priced homes
- Atlanta, GA: higher priced homes
- Alafaya, FL: higher priced homes
- Asheville, NC: higher priced homes
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