In Toledo, a typical home is worth $114,500 and typical rent is $901 a month. Compared with all of Lucas County, the typical home value is 30% lower, typical household income is 20% lower, and the share of households that own their home is 9 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $99,279 to $131,766.
Typical rent
$1,151a month
▲ 5.6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $873 to $1,151.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Toledo is in Lucas County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lucas County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Toledo is worth $114,500,30% less than in Lucas County as a whole ($163,900).
2
The typical household income in Toledo is $49,724,20% less than in Lucas County as a whole ($62,224).
3
53% of households in Toledo own their home, against 62% in Lucas County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Toledo
What homes there are in Toledo, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Toledo
Lucas County
Ohio
United States
Kind of home: Toledo and its comparisons
Measure
Toledo
Lucas County
Ohio
United States
Detached house
65%
68%
69%
61%
Attached house
3%
4%
5%
6%
Building of 2 to 4
10%
8%
8%
8%
Apartments (5 or more)
20%
18%
15%
19%
Mobile home
2%
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Toledo, but it weighs less than in Lucas County: 65% against 68%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Toledo
Lucas County
Ohio
United States
Year built: Toledo and its comparisons
Measure
Toledo
Lucas County
Ohio
United States
Before 1960
58%
47%
38%
26%
1960–1979
26%
26%
26%
24%
1980–1999
11%
16%
20%
25%
2000–2009
3%
7%
10%
14%
2010 or later
3%
5%
7%
11%
In Toledo, half of the homes were built before 1955; in Lucas County, before 1963.
There are fewer big homes in Toledo than in Lucas County: 55% have 3 bedrooms or more, against 60%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K43%
$100K–$200K41%
$200K–$300K11%
$300K–$500K4%
$500K–$750K1%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or more1%
Value of owner-occupied homes: Toledo and its comparisons
Measure
Toledo
Under $100K
43%
$100K–$200K
41%
$200K–$300K
11%
$300K–$500K
4%
$500K–$750K
1%
$750K–$1M
Unreliable estimate
$1M or more
1%
About 99% of owner-occupied homes in Toledo are worth less than the FHA loan limit for Lucas County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50014%
$500–$99947%
$1,000–$1,49931%
HUD fair market rent, 2 bedrooms: $1,145
$1,500–$1,9996%
$2,000–$2,4991%
$2,500–$2,999Unreliable
$3,000 or more0%
Monthly rent with utilities: Toledo and its comparisons
Measure
Toledo
Under $500
14%
$500–$999
47%
$1,000–$1,499
31%
$1,500–$1,999
6%
$2,000–$2,499
1%
$2,500–$2,999
Unreliable estimate
$3,000 or more
0%
By rent, most homes in Toledo cost less than HUD's 2-bedroom fair market rent ($1,145): about 71%.
With a mortgage
$1,156 a month
Lucas County: $1,394 a month
Without a mortgage
$485 a month
Lucas County: $568 a month
Owners with a mortgage
55%
Lucas County: 59%
The typical cost for an owner with a mortgage in Toledo is $1,156 a month, less than in Lucas County ($1,394); without one, $485.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Toledo+42%
Lucas County+41%
Ohio+47%
United States+53%
Typical rent
Toledo+24%
Lucas County+25%
Ohio+28%
United States+33%
Typical household income
Toledo+32%
Lucas County+28%
Ohio+26%
United States+29%
Change since 2015–2019: Toledo and its comparisons
Measure
Toledo
Lucas County
Ohio
United States
Typical home value
+42%
+41%
+47%
+53%
Typical rent
+24%
+25%
+28%
+33%
Typical household income
+32%
+28%
+26%
+29%
From 2015–2019 to 2020–2024, home values in Toledo rose at about the same pace as in Lucas County: 42% against 41%.
Rents in Toledo rose at about the same pace as in Lucas County: 24% since 2015–2019, against 25%.
To compare: typical income in Toledo rose 32%; the home, +42%; the rent, +24%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Toledo and its comparisons
Measure
Toledo
Lucas County
Ohio
United States
Rental vacancy
5.3%
5.1%
4.4%
5.5%
Homeowner vacancy
0.7%
0.8%
0.8%
0.9%
More than one person per room
1.8%
1.5%
1.5%
3.4%
People per household
2.21
2.29
2.37
2.53
Drive alone
78%
79%
75%
69%
Carpool
11%
9%
8%
9%
Public transit
1%
1%
1%
3%
Walk or bike
2%
2%
2%
3%
Work from home
7%
9%
13%
15%
Other means
1%
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Lucas County, the rental vacancy rate in Toledo is 5.3%.
Much as in Lucas County, 1.8% of households in Toledo have more than one person per room.
Much as in Lucas County, a household in Toledo has 2.21 people on average.
The car rules in Toledo: 78% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Toledo?
A typical home is within reach of the typical income
We start with a typical home in Toledo, worth $114,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Toledo, which is $49,724 a year.
The calculator's FHA and conventional loan limits are those of all of Lucas County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Toledo. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,008 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,014
at 7.18% · 30 years
Loan amount
$112,426
Total interest
$161,754
Paid off in
November 2056
Includes $1,934 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,160 a month
Your payment · 24%
Tight
$1,160 to $1,492 a month
Hard
more than $1,492 a month
Compared with the typical household income in Toledo ($49,724 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$762
Property tax
$154
Home insurance
$48
FHA mortgage insurance (MIP)
$51
You need at least $4,008 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,014; principal and interest $762.
The city and its county
Toledo and Lucas County
Toledo is in Lucas County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Toledo
Map of Lucas County, Ohio, with Toledo marked. Around it, the neighboring counties.
Toledo
Lucas County
Other cities with a page
Toledo's own numbers
Typical home value
$114,500
Typical monthly rent
$901
Typical yearly household income
$49,724
Households that own their home
53%
Effective property tax rate
1.61%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lucas County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,145
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
2.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lucas County.
A typical home in Toledo is worth $114,500: 30% below the county and 47% below Ohio. With the typical household income in Toledo ($49,724 a year), a typical home costs 2.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Toledo2.3 years
Lucas2.6 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lucas County
According to FHFA’s house price index, home prices in Lucas County rose 86% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lucas County.
Yearly change in FHFA’s price index in Lucas County, 2016 to 2025
2016: +4.1% +4.1% 2016
2017: +4.0% +4.0% 2017
2018: +4.5% +4.5% 2018
2019: +5.5% +5.5% 2019
2020: +3.4% +3.4% 2020
2021: +10.8% +10.8% 2021
2022: +11.7% +11.7% 2022
2023: +8.1% +8.1% 2023
2024: +7.3% +7.3% 2024
2025: +5.0% +5.0% 2025
Change in FHFA’s price index in Lucas County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+5.0%
+4.8%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+86%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Toledo next to Lucas County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Toledo$114,500
Lucas$163,900
Ohio$214,800
United States$332,700
Typical monthly rent
Toledo$901
Lucas$934
Ohio$1,034
United States$1,413
Typical yearly household income
Toledo$49,724
Lucas$62,224
Ohio$71,389
United States$80,734
See the full table
Toledo next to Lucas County and Ohio
Measure
Toledo
Lucas County
Ohio
U.S.
Typical home value
$114,500 ▼30% below the county
$163,900
$214,800
$332,700
Typical monthly rent
$901 ▼4% below the county
$934
$1,034
$1,413
Typical yearly household income
$49,724 ▼20% below the county
$62,224
$71,389
$80,734
Households that own their home
53% ▼9 points below the county
62%
67%
65%
Typical yearly property tax
$1,849 ▼33% below the county
$2,773
$2,822
$3,119
Effective property tax rate
1.61% ▼0.08 points below the county
1.69%
1.31%
0.94%
Renters with high rent for their income
46% ▲1 points above the county
45%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lucas County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Toledo
For a typical $114,500 home in Toledo, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Toledo's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,014a month
Least cash to close
Down payment
$4,008
Cash to close
$7,443
Rate
7.18%
Mortgage insurance
FHA MIP · $51
Conventional, 5% down$993a month
Down payment
$5,725
Cash to close
$9,160
Rate
7.18%
Mortgage insurance
PMI · $54
Conventional, 20% down, no PMI$822a month
Down payment
$22,900
Cash to close
$26,335
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$928a month
Down payment
$17,175
Cash to close
$20,610
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Toledo
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,014
$4,008
$112,426
7.18%
FHA MIP · $51
$7,443
580
Conventional, 5% down
$993
$5,725
$108,775
7.18%
PMI · $54
$9,160
620*
Conventional, 20% down, no PMI
$822
$22,900
$91,600
7.18%
None
$26,335
620*
ITIN, 15% down (example)
$928
$17,175
$97,325
8.18%
None
$20,610
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Toledo is $901 a month: 4% below the county. In Toledo, 46% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lucas County, by unit size. To pay the 2-bedroom one ($1,145 a month) without spending more than 30% of your income, you would need to earn $22.02 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lucas County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$822
$15.81
$32,880
1 bedroom
$875
$16.83
$35,000
2 bedrooms
$1,145
$22.02
$45,800
3 bedrooms
$1,461
$28.10
$58,440
4 bedrooms
$1,558
$29.96
$62,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Toledo
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Toledo has 14 ZIP codes with their own.
For 2 bedrooms it runs from $1,000 in 43604 to $1,300 in 43615.
5 of the 14 are above the fair market rent for Lucas County ($1,145).
2-bedroom fair market rent in each of the 14 ZIP codes of Toledo, beside the one for Lucas County. For 2 bedrooms it runs from $1,000 in 43604 to $1,300 in 43615. 5 of the 14 are above the fair market rent for Lucas County ($1,145).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,145
Lowest: $1,000 (43604)Highest: $1,300 (43615)
Fair market rent by ZIP code and size in Toledo, fiscal year 2027.
43604
$720
$770
$1,000
$1,280
$1,360
43605
$830
$890
$1,160
$1,480
$1,580
43606
$840
$890
$1,170
$1,490
$1,590
43607
$780
$830
$1,080
$1,380
$1,470
43608
$750
$800
$1,040
$1,330
$1,410
43609
$830
$880
$1,150
$1,470
$1,560
43610
$820
$870
$1,140
$1,460
$1,550
43611
$790
$840
$1,100
$1,400
$1,500
43612
$870
$920
$1,210
$1,540
$1,650
43613
$800
$860
$1,120
$1,430
$1,520
43614
$770
$820
$1,070
$1,370
$1,460
43615
$930
$990
$1,300
$1,660
$1,770
43620
$720
$770
$1,000
$1,280
$1,360
43623
$820
$870
$1,140
$1,460
$1,550
ZIP code2 bd3 bd
43604 $1,000$1,280
43605 $1,160$1,480
43606 $1,170$1,490
43607 $1,080$1,380
43608 $1,040$1,330
43609 $1,150$1,470
43610 $1,140$1,460
43611 $1,100$1,400
43612 $1,210$1,540
43613 $1,120$1,430
43614 $1,070$1,370
43615 $1,300$1,660
43620 $1,000$1,280
43623 $1,140$1,460
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Toledo when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 140 buildings with rents for lower incomes in Toledo. These are the largest.
East 2 - Amp 12227 Ravine Park Vlg, Toledo 43605496 homes, 495 low-income · Run by Lucas Metropolitan Housing Authority · Average payment: $264 a month · Average wait: 62 months(419) 259-9439
Central 1 - Amp 131615 Cherry St, Toledo 43604482 low-income homes · Run by Lucas Metropolitan Housing Authority · Average payment: $204 a month · Average wait: 21 months(419) 259-9439
West 2 - Amp 1123425 Nebraska Ave, Toledo 43607440 low-income homes · Run by Lucas Metropolitan Housing Authority · Average payment: $285 a month · Average wait: 37 months(419) 259-9439
East 1 - Amp 121572 Leach Ave, Toledo 43605435 homes, 422 low-income · Run by Lucas Metropolitan Housing Authority · Average payment: $184 a month · Average wait: 38 months(419) 259-9439
West 1 - Amp 1115836 Southwyck Blvd, Toledo 43614359 low-income homes · Run by Lucas Metropolitan Housing Authority · Average payment: $355 a month · Average wait: 16 months(419) 259-9439
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 3 HUD-approved agencies with an office in Lucas County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Toledo or Lucas County. The ones below are statewide in Ohio: they work in Toledo the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Toledo or Lucas County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Toledo and all of Lucas County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Toledo?
The typical home value in Toledo is $114,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lucas County it is $163,900.
How much does it cost to rent in Toledo?
Typical rent in Toledo is $901 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lucas County is $1,145.
What is the FHA loan limit in Toledo?
Toledo uses the FHA limit for all of Lucas County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Toledo?
The typical homeowner in Toledo pays $1,849 a year, according to the U.S. Census Bureau. That is 1.61% of the home’s value; in Lucas County, the rate is 1.69%.
Where can I find free help to buy or rent in Toledo?
There are 3 HUD-approved counseling agencies with an office in Lucas County. They can help you get ready to buy, with your credit, or with rent.
