Home Values in Toledo, Ohio — 2026 Market Report
Updated March 2026 | Seller's Market | +4% YoY
The median home value in Toledo, Ohio is $115,000 as of March 2026, which is below the national median of $400,000. Home values in Toledo have increased by 4% over the past year and 21.7% over the last five years. With a population of 270,871 and a median household income of $38,006, the price-to-income ratio stands at 3.0x, making Toledo affordable for the average household.
Toledo Housing Market Conditions
| Metric | Toledo | National Avg |
|---|---|---|
| Median Home Value | $115,000 | $400,000 |
| YoY Appreciation | +4% | +3.8% |
| 5-Year Appreciation | +21.7% | +22.4% |
| Price per Sq Ft | $32 | $222 |
| Days on Market | 56 days | 45 days |
| Months of Supply | 1.5 | 3.5 |
| List-to-Sale Ratio | 101.1% | 98.5% |
| Monthly Homes Sold | 188 | — |
| Foreclosure Rate | 0.1% | 0.3% |
Home Value Trends in Toledo
A homeowner who purchased at the median price of $94,495 five years ago in Toledo would have gained approximately $20,505 in equity, representing a 21.7% return on investment. Over the past year alone, the typical homeowner gained $4,423 in home equity.
Affordability in Toledo, OH
With a median household income of $38,006 and a median home price of $115,000, the price-to-income ratio in Toledo is 3.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $809 compared to estimated monthly ownership costs of $696 gives a rent-vs-buy ratio of 0.86. In Toledo, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Toledo
The effective property tax rate in Ohio is 1.56%. On a home valued at $115,000, the estimated annual property tax bill is $1,794, or approximately $150/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Toledo is 83.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Toledo, OH?
The median home value in Toledo, Ohio is $115,000 as of March 2026. Home values have changed +4% over the past year, with a 5-year appreciation of 21.7%.
Is Toledo a buyer's or seller's market?
Toledo is currently a seller's market with 1.5 months of housing supply. Homes spend an average of 56 days on market, and the list-to-sale price ratio is 101.1%. Low inventory gives sellers an advantage.
Are home values going up in Toledo?
Yes, home values in Toledo have increased by 4% over the past year. The 5-year appreciation rate is 21.7%, meaning a home worth $94,495 five years ago is now worth $115,000.
Is it better to rent or buy in Toledo?
The average monthly rent in Toledo is $809, while estimated monthly homeownership costs are approximately $696. The price-to-rent ratio is 11.8. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Toledo, Ohio is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.