Toledo, OH
Lucas County · Pop. 268,508
Ranked #5 of 243 cities
62Moderate
Median Home Price
🏠$130K
3.0% YoY
Median Rent
🔑$850
2.0% YoY
Median Income
💰$38K
Rent Burden
📊29.5%
% of income to rent
Income to Buy
🏦$37K
annual income needed
Income to Rent
📝$34K
annual income needed
Price-to-Income
⚖️3.4x
Homeownership
🏡50.0%
Rent vs. Buy
Buy
$692/mo
Est. mortgage (7%, 20% down)
Need $37K/yr income
Rent
$850/mo
Median rent
Need $34K/yr income
How Toledo Compares
| Metric | Toledo | Ohio | National |
|---|---|---|---|
| Home Price | $130K | $220K | $410K |
| Rent | $850 | $1,014 | $1,500 |
| Income | $38K | $68K | $75K |
| Rent Burden | 29.5% | 29.5% | 30.0% |
Key Takeaways
- • Home prices in Toledo are 68% lower than the national average.
- • Rent is 43% lower than the national average.
- • You need an income of $37K to comfortably buy a home here.
- • The homeownership rate is 50.0%, compared to 65.0% nationally.