Toledo, Ohio Real Estate Market Analysis

dynamic.RE

Toledo, Ohio

26 ZIPs in this city:43601 43604 43605 43606 43607 43608 43609 43610 43611 43612 43613 43614 43615 43617 43620 43623 43635 43652 43654 43656 43657 43659 43660 43661 43666 43667

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-19.1%

Faster

Price vs US

35%

Below avg

Median Listing Price

$147K

Population

298,317

Households

131,184

Median Days on Market

Active Listings

526

New Listings

346

Housing Market

Pricing

Median Listing Price

$147K-5.6% YoY

Average Listing Price

$172K-4.4% YoY

Price per Sq Ft

$104.3540.0% YoY

Median Sq Ft

1,399-2.6% YoY

Inventory

Active Listings

526+29.9% YoY

New Listings

346+5.5% YoY

Total Listings

908+12.4% YoY

Buyer Competition

Pending Listings

383-5.0% YoY

Pending Ratio

0.72-26.9% YoY

Median Days on Market

41+21.3% YoY

Price Reduced

13.7%+30.2% YoY

Units & Occupancy

2024 Occupancy

201Kunits

Occupied183,24391.2%
Vacant17,7558.8%

2024 Tenure

183Koccupied

Owner113,54962.0%
Renter69,69438.0%

Renter Share

38.0%-0.8% YoY

Total Housing Units

200,998+0.1% YoY

FY2026 Fair Market Rent — Lucas County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$769

/month

1 BR

$820

/month

2 BR

$1,076

/month

3 BR

$1,380

/month

4 BR

$1,454

/month

FMR Trends — Lucas County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

298,317-0.3% YoY

2024 Age Mix

298Kresidents

Under 1868,41322.9%
Adults 18–64181,32060.8%
65 & Over48,58416.3%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.37+0.3% YoY

Population Under 18

68,413-0.9% YoY

Population 65 & Over

48,584+1.6% YoY

Households & Mobility

Total Households

131,184+0.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.23-0.5% YoY

2024 Residential Mobility

of residents

Same house86.3%
Moved (within US)13.4%
Other0.3%

Veterans

6.0%-0.9% YoY

Income & Poverty

Median Household Income

$55K+3.5% YoY

Per-Capita Income

$31K+3.7% YoY

Mean Household Income

$70K+3.2% YoY

Below Poverty Level

22.5%-0.9% YoY

Commuting

2024 Commute Mode

of workers

Drove alone77.5%
Public transit1.0%
Worked from home7.4%
Other14.0%

Worked From Home

7.4%+15.9% YoY

Mean Commute

19.71-0.5% YoY

Units & Tenure

Total Housing Units

146,013-0.3% YoY

2024 Occupancy

146Kunits

Occupied131,18489.8%
Vacant14,82910.2%

2024 Tenure

131Khouseholds

Owner72,93855.6%
Renter58,24644.4%

Avg Household Size — Owner

2.29-1.0% YoY

Avg Household Size — Renter

2.15+0.1% YoY

County Demographics

Median Age

38.52024

Population

Lucas County Population

426,2910.0% YoY

Households

Total Households

183,243+0.6% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.29-0.9% YoY

Age

2024 Age Mix

428Kresidents

Under 1897,50922.8%
Adults 18–64255,30059.6%
65 & Over75,20917.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

97,509-0.8% YoY

Population 65 & Over

75,209+2.6% YoY

Median Age

38.50+0.5% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.5%
Moved (within US)12.3%
Other0.2%

Veterans

5.9%-1.7% YoY

County Economy

Income

Median Household Income

$62K+3.5% YoY

Per-Capita Income

$38K+3.5% YoY

Mean Household Income

$87K+2.8% YoY

Poverty

Below Poverty Level

17.7%-0.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone78.6%
Public transit0.8%
Worked from home8.9%
Other11.7%

Worked From Home

8.9%+17.1% YoY

Mean Commute

20.50-0.5% YoY

Toledo, Ohio

26 ZIPs in this city:43601 43604 43605 43606 43607 43608 43609 43610 43611 43612 43613 43614 43615 43617 43620 43623 43635 43652 43654 43656 43657 43659 43660 43661 43666 43667

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-19.1%

Faster

Price vs US

35%

Below avg

Median Listing Price

$147K

Population

298,317

Households

131,184

Median Days on Market

Active Listings

526

New Listings

346

Housing Market

Pricing

Median Listing Price

$147K-5.6% YoY

Average Listing Price

$172K-4.4% YoY

Price per Sq Ft

$104.3540.0% YoY

Median Sq Ft

1,399-2.6% YoY

Inventory

Active Listings

526+29.9% YoY

New Listings

346+5.5% YoY

Total Listings

908+12.4% YoY

Buyer Competition

Pending Listings

383-5.0% YoY

Pending Ratio

0.72-26.9% YoY

Median Days on Market

41+21.3% YoY

Price Reduced

13.7%+30.2% YoY

Units & Occupancy

2024 Occupancy

201Kunits

Occupied183,24391.2%
Vacant17,7558.8%

2024 Tenure

183Koccupied

Owner113,54962.0%
Renter69,69438.0%

Renter Share

38.0%-0.8% YoY

Total Housing Units

200,998+0.1% YoY

FY2026 Fair Market Rent — Lucas County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$769

/month

1 BR

$820

/month

2 BR

$1,076

/month

3 BR

$1,380

/month

4 BR

$1,454

/month

FMR Trends — Lucas County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

298,317-0.3% YoY

2024 Age Mix

298Kresidents

Under 1868,41322.9%
Adults 18–64181,32060.8%
65 & Over48,58416.3%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.37+0.3% YoY

Population Under 18

68,413-0.9% YoY

Population 65 & Over

48,584+1.6% YoY

Households & Mobility

Total Households

131,184+0.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.23-0.5% YoY

2024 Residential Mobility

of residents

Same house86.3%
Moved (within US)13.4%
Other0.3%

Veterans

6.0%-0.9% YoY

Income & Poverty

Median Household Income

$55K+3.5% YoY

Per-Capita Income

$31K+3.7% YoY

Mean Household Income

$70K+3.2% YoY

Below Poverty Level

22.5%-0.9% YoY

Commuting

2024 Commute Mode

of workers

Drove alone77.5%
Public transit1.0%
Worked from home7.4%
Other14.0%

Worked From Home

7.4%+15.9% YoY

Mean Commute

19.71-0.5% YoY

Units & Tenure

Total Housing Units

146,013-0.3% YoY

2024 Occupancy

146Kunits

Occupied131,18489.8%
Vacant14,82910.2%

2024 Tenure

131Khouseholds

Owner72,93855.6%
Renter58,24644.4%

Avg Household Size — Owner

2.29-1.0% YoY

Avg Household Size — Renter

2.15+0.1% YoY

County Demographics

Median Age

38.52024

Population

Lucas County Population

426,2910.0% YoY

Households

Total Households

183,243+0.6% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.29-0.9% YoY

Age

2024 Age Mix

428Kresidents

Under 1897,50922.8%
Adults 18–64255,30059.6%
65 & Over75,20917.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

97,509-0.8% YoY

Population 65 & Over

75,209+2.6% YoY

Median Age

38.50+0.5% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.5%
Moved (within US)12.3%
Other0.2%

Veterans

5.9%-1.7% YoY

County Economy

Income

Median Household Income

$62K+3.5% YoY

Per-Capita Income

$38K+3.5% YoY

Mean Household Income

$87K+2.8% YoY

Poverty

Below Poverty Level

17.7%-0.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone78.6%
Public transit0.8%
Worked from home8.9%
Other11.7%

Worked From Home

8.9%+17.1% YoY

Mean Commute

20.50-0.5% YoY