Mortgage Rates in Toledo, Ohio — March 2026
Updated March 2026 | Based on Toledo market data and regional lending conditions
Toledo is a mid-sized city in Ohio with a population of 270,871. The current 30-year fixed mortgage rate in Toledo is 6.73%, which is 0.08% above the national average. With a median home price of $115,000 and a 20% down payment of $23,000, homebuyers can expect a monthly principal and interest payment of approximately $595.
Current Mortgage Rates in Toledo, OH
Below are the current average mortgage rates available in the Toledo area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.33% | 6.25% | +0.08% |
| VA | 6.13% | 6.05% | +0.08% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Toledo Housing Market Overview
The Toledo housing market offers relatively affordable housing compared to many major cities. The median household income in Toledo is $38,006, and the cost of living index is 83.5 (national average = 100). Based on the 28% affordability rule, the median income in Toledo is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Toledo
Based on the median home price of $115,000 with 20% down ($23,000), here is what you can expect to pay monthly in Toledo:
15-Year vs. 30-Year Mortgage in Toledo
Choosing a 15-year mortgage in Toledo at 5.97% instead of a 30-year at 6.73% would save you $74,700 in total interest over the life of the loan. However, your monthly payment would be $775 instead of $595 — an increase of $180 per month.
Calculate Your Toledo Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Toledo
What are the current mortgage rates in Toledo, OH?
As of March 2026, the average 30-year fixed mortgage rate in Toledo, Ohio is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.33% and VA loans 6.13%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Toledo?
Based on the median home price of $115,000 with 20% down, the estimated monthly mortgage payment in Toledo is $595 for principal and interest. Including property taxes of $150/month, the total monthly housing cost is approximately $745.
What income do I need to buy a home in Toledo?
Using the 28% rule, you would need an annual income of approximately $31,929 to afford the median-priced home in Toledo at $115,000. The median household income in Toledo is $38,006. The median income is currently sufficient to meet this threshold.
Is Toledo a good place to buy a home in 2026?
Toledo offers a below-average cost of living with a cost of living index of 83.5 (national average = 100). The property tax rate in Ohio is 1.56%, which is above the national average. Toledo has a population of 270,871 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Toledo, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.