Housing in Toledo
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Toledo, Ohio
The housing market in Toledo is characterized by its affordability, with median home prices significantly lower than the national average. In May 2026, the median sale price of a home in Toledo was $140,000, reflecting an 11.9% increase compared to the previous year. The median price per square foot in Toledo was $111 in May 2026. Toledo was even ranked as the 'hottest housing market' in the U.S. for 2024 by Realtor.com, driven by strong demand and relatively low supply. For renters, the average rent in Toledo was around $950 per month in July 2026, with 1-bedroom apartments averaging approximately $800 and 2-bedroom apartments around $1,100 in the city center. The rental market has also seen an increase in prices, with a 2.7% rise year-over-year in July 2026.
Housing
About Toledo, Ohio
Toledo, Ohio, often referred to as 'The Glass City' due to its rich history in glass manufacturing, is a vibrant city situated at the western end of Lake Erie along the Maumee River. The city serves as a significant port on the Great Lakes and is known for its affordable living and strong sense of community. Toledo has been recognized for its economic development efforts, with significant investments in revitalizing its downtown area and fostering new businesses. Its strategic location offers residents access to major metropolitan areas like Detroit and Ann Arbor, while maintaining a distinct local character. The city attracts individuals and families seeking a balance of urban amenities, cultural attractions, and access to natural spaces.
About Ohio
Ohio, located in the Midwest, is characterized by a blend of urban centers and rural landscapes, offering a balance of city amenities and small-town charm. The state's economy is robust and diverse, with manufacturing being a significant sector, particularly in plastics, rubber, fabricated metals, and automobiles. Other major industries include financial activities, healthcare, education, and bioscience, with growing technology and logistics sectors. Living in Ohio is generally affordable, with the cost of living, especially housing, being lower than the national average. The climate is continental, featuring four distinct seasons with hot, humid summers and cold, snowy winters, and precipitation occurring year-round.