Toledo appreciation rates and housing market information

Toledo housing market information

With 313,587 people, 139,880 houses or apartments, and a median cost of homes of $99,644, house prices in Toledo are solidly below the national average.

single-family detached homes are the single most common housing type in Toledo, accounting for 64.03% of the city's housing units. Other types of housing that are prevalent in Toledo include large apartment complexes or high rise apartments (19.05%), duplexes, homes converted to apartments, or other small apartment buildings (12.13%), row houses and other attached homes (2.57%), and a few mobile homes or trailers (2.18%).

The most prevalent building size and type in Toledo are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 55.07% owning, and 37.09% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Toledo's housing was primarily built during this period, from the '40s through the '60s. A full 45.03% of the city's housing hails from this era. Other housing ages represented in Toledo include homes built between 1939 and earlier (32.68%), and housing constructed from 1970-1994 (20.55%). There's also some housing in Toledo built between 1995 and later (1.74%).

Toledo home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Toledo, where house values have increased just 25.48%, which is an average annual increase of 2.54%. NeighborhoodScout's data show that in the latest quarter, Toledo house values appreciated 1.37%, which is an annualized rate of 5.48%. This rate is lower than the appreciation rate found in 20% of the cities and towns in America.

Over the last year, Toledo appreciation rates have trailed the rest of the nation. In the last twelve months, Toledo's appreciation rate has been -3.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Toledo were at 1.37%, which equates to an annual appreciation rate of 5.48%.

Relative to Ohio, our data show that Toledo's latest annual appreciation rate is higher than 1% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Toledo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Toledo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Toledo real estate investment or home purchase decisions.