Why Live in Toledo
The Toledo Museum of Art showcases world-class collections with free admission, featuring an extraordinary Glass Pavilion that celebrates the city's heritage as a glass manufacturing hub. Residents enjoy nineteen distinct Metroparks, including local favorites Wildwood Preserve and Side Cut Metropark, each providing unique ecosystems and recreational trails. The Toledo Zoo consistently ranks among America's best, featuring distinctive exhibits like the Hippoquarium and Arctic Encounter, while sports fans gather at Fifth Third Field to watch Toledo Mud Hens baseball and at Huntington Center for Toledo Walleye hockey games.
The Toledo housing market presents diverse options across several neighborhoods. The median price for single family homes varies significantly by area: $222,000 in Westgate, $193,000 in Beverly, $175,000 in Glendale-Heatherdowns, $154,000 in Point Place, $141,000 in Ottawa, $112,800 in Five Points, and $75,000 in Downtown Toledo. Condominiums present additional options, with median prices at $96,000 for one bedroom units and $159,000 for two bedrooms. Townhomes have a median price of $92,500.
Toledo's cost of living sits 3.5% below the national average. A family with school-age children needs approximately $102,000 annually to live comfortably, while renters should aim for $55,000. Property taxes in Lucas County stand at 1.75%, while the combined sales tax rate is 7.23%. The education system includes several A-rated institutions, such as Toledo Early College High School and Toledo Technology Academy of Engineering. Private schools like St. Ursula Academy and St. John's Jesuit High School maintain strong academic reputations. The University of Toledo provides higher education opportunities within the city limits.
Frequently Asked Questions
What is the average home price in Toledo, OH?
Homes for sale in Toledo, OH have an average home price of $142,428.
How many homes have sold over the last 12 months in Toledo, OH?
3,038 homes have sold in Toledo, OH over the last 12 months.
Is Toledo, OH a safe city?
What are the most popular zip codes in Toledo, OH?
What are the most popular neighborhoods in Toledo, OH?
How much do you need to make to afford a house in Toledo?
The median home price in Toledo is $125,000. If you put a 20% down payment of $25,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $28K a year to afford the median home price in Toledo.
How are the schools in Toledo, OH?
Home Trends in Toledo, OH
On average, homes in Toledo, OH sell after 49 days on the market compared to the national average of 50 days. The median sale price for homes in Toledo, OH over the last 12 months is $125,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$125,000
Median Single Family Sale Price
$127,000
Median Townhouse Sale Price
$90,500
Median 2 Bedroom Sale Price
$155,000
Median 1 Bedroom Sale Price
$102,500
Average Price Per Sq Ft
$98
Number of Homes for Sale
357
Last 12 months Home Sales
3,038
Median List Price
$125,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
