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These days, finding an affordable place to live in the Toronto area can be challenging. Home prices in Toronto are now at a median cost of $130,105, lower than the Ohio average of $236,816.
The average cost of rent is $876/mo in Toronto, primarily driven by the current value of real estate in the Toronto area. In Toronto, 23.71% of households rent, and 44.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Toronto is $4,908 per month. Households that rent pay about 17.86% of their income on rent here. Toronto’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Empire, OH: less expensive homes
- Stratton, OH: less expensive homes
- New Cumberland, WV: higher priced homes
- Pottery Addition, OH: equally priced homes
- Weirton, WV: equally priced homes
- Belvedere, OH: higher priced homes
- New Somerset, OH: higher priced homes
- New Manchester, WV: higher priced homes
- Steubenville, OH: equally priced homes
- Reeds Mill, OH: higher priced homes
Cities with Similar Populations
- Soldotna, AK: higher priced homes
- Joshua Tree, CA: higher priced homes
- Sleepy Hollow, NY: higher priced homes
- Slinger, WI: higher priced homes
- Slingerlands, NY: higher priced homes
- Smiths Creek, MI: higher priced homes
- Smithsburg, MD: higher priced homes
- Smithville, TX: higher priced homes
- Sneads Ferry, NC: higher priced homes
- Socorro, NM: higher priced homes
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