The typical home in Toledo, OH is worth about $170,000.
With 20% down that's a loan near $136,000 — the calculator
is pre-filled with that figure. Toledo has some of the lowest home prices of any metro this size, anchored by auto-glass and manufacturing employment. Ohio's property tax rate runs well above the national average, so even a modest home carries a real tax bill relative to its price.
$934.23 / month
Total interest
$200,317
Total paid
$336,317
Payoff
30.0 years
How much you need to earn
Toledo, OH's median household income is about
$55,000 a year. Under standard 28/36
lending rules that supports a home price around
$169,991 with 20% down —
below the $170,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Toledo, OH is about $1,050 a month, so owning the median home costs roughly
$233 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Toledo, OH?
On the metro's roughly $170,000 typical home with 20% down, the loan is about $136,000. Principal and interest run near $934 a month at today's rate, and Toledo, OH's property tax plus insurance add about $349, for a full payment near $1,283.
Can I afford a home in Toledo, OH on the median income?
The median household income is about $55,000 a year. Under standard 28/36 lending rules that supports a home price around $169,991 with 20% down — below the $170,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Toledo, OH?
Typical asking rent is about $1,050 a month. The full owner payment on a median home is near $1,283, so owning costs roughly $233 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Toledo, OH?
The effective property tax rate in the core county is about 1.70% of market value — roughly $2,890 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Toledo, OH rising or falling?
Home values are up about 6% over the past year. Toledo has some of the lowest home prices of any metro this size, anchored by auto-glass and manufacturing employment. Ohio's property tax rate runs well above the national average, so even a modest home carries a real tax bill relative to its price.