Toronto, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Toronto Neighborhoods Since 2000




Toronto, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Toronto Housing Market Information

With a population of 4,882, 2,228 total housing units (homes and apartments), and a median house value of $89,961, house prices in Toronto are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Toronto, accounting for 71.31% of the city's housing units. Other types of housing that are prevalent in Toronto include large apartment complexes or high rise apartments ( 13.52%), mobile homes or trailers ( 6.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Toronto. Owner-occupied housing accounts for 66.09% of Toronto's homes, and 53.27% have either three or four bedrooms, which is average sized relative to America.

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. Toronto's housing was primarily built during this period, from the '40s through the '60s. A full 38.68% of the city's housing hails from this era. Other housing ages represented in Toronto include homes built before 1939 ( 36.37%) and housing constructed between 1970-1999 ( 23.35%). There's also some housing in Toronto built between 2000 and later ( 1.60%).

Toronto Home Appreciation Rates

Appreciation rates for homes in Toronto have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.73%, which ranks in the top 30% nationwide. This equates to an annual average Toronto house appreciation rate of 0.93%.

Appreciation rates are so strong in Toronto that despite a nationwide downturn in the housing market, Toronto real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Toronto appreciation rates continue to be some of the highest in America, at 5.67%, which is higher than appreciation rates in 71.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Toronto. Toronto appreciation rates in the latest quarter were at -8.67%, which equates to an annual appreciation rate of -30.41%.

Notably, Toronto's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Toronto's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$89,961

Toronto, OH HOME PRICES

Value Range
> $1,105,000 0.5
$828,001 - $1,105,000 1.0
$552,001 - $828,000 0.1
$442,001 - $552,000 0.0
$331,001 - $442,000 0.2
$221,001 - $331,000 1.0
$110,001 - $221,000 23.4
$55,001 - $110,000 52.5
$0 - $55,000 21.4

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
84.0267197937419 86.4829396325459

Number Of Homes And Apartments:
2,228

Toronto Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.45% 1.28% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 66.09
Renters 33.91
Vacant 8.43

Housing Market Details

 

Age of Homes

AGE OF Toronto HOMES
2000 or Newer 1.6
1970 - 1999 23.3
1940 - 1969 38.7
1939 or Older 36.4

Types of Homes

TYPE OF Toronto HOMES
Single-Family 71.3
Townhomes 2.9
Small Apt. Buildings 5.4
Apt. Complexes 13.5
Mobile Homes 6.9
Other 0.0

Home Size

SIZE OF Toronto HOMES
No Bedroom 0.41
1 Bedroom 8.84
2 Bedrooms 35.76
3 Bedrooms 46.36
4 Bedrooms 6.91
5 or more bedrooms 1.73