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Ottawa, Toledo, OH—43606

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$199,000
5.4% YoY Growth
Household Income
$60,300
44.2% YoY Growth
Days on Market
36
39.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$875
2.8% YoY Growth
1-Bed Rent
$720
0.4% YoY Growth
2-Bed Rent
$875
7.3% YoY Growth
3-Bed Rent
$1,100
6.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ottawa, Toledo, OH

As of May '26, the median home price in Ottawa, Toledo, OH is $199,000, with a year-over-year change of 5.4%. This indicates that home prices in Ottawa, Toledo, OH are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$199,0005.4%
Single Family $201,0005.8%
Condos $158,0003.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$136,0004.6%
    3 Bed
    		$189,0005.6%
    4 Bed
    		$287,0003.6%
    5 Bed $398,6842.5%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    13.4%
    2 Bedrooms
    27.3%
    3 Bedrooms
    39.2%
    4 Bedrooms
    16.0%
    5+ Bedrooms
    2.5%

    Rental Trends — Ottawa, Toledo, OH

    As of July '25, Rentcast reports the average rent in Ottawa, Toledo, OH is $1,050, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Ottawa, Toledo, OH is studios: $1,010, 1-bedrooms: $736, 2-bedrooms: $1,040, 3-bedrooms: $1,200, 4-bedrooms: $2,570. The most common rental property sizes in Ottawa, Toledo, OH are 2-bedroom and 1-bedroom, accounting for 39.6% and 28.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$875$1,050
    Studio Rent $1,010$1,010
    1 Bed Rent $720$736
    2 Bed Rent $875$1,040
    3 Bed Rent $1,100$1,200
    4 Bed Rent $2,550$2,570
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    % of Rental Stock

    Studio
    3.6%
    1 Bedroom
    28.3%
    2 Bedrooms
    39.6%
    3 Bedrooms
    21.7%
    4 Bedrooms
    6.2%
    5+ Bedrooms
    0.6%

    Property Listings — Ottawa, Toledo, OH

    As of May '26, Realtor.com reports that the median days on market for a home in Ottawa, Toledo, OH is 36. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$237,000-2.0%
    Listing Count
    		7660.0%
    Listings as % of Homes0.3%60.0%
    Days on Market
    		3639.0%
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    Demographics — Ottawa, Toledo, OH

    As of the latest ACS Survey released in 2023, Ottawa, Toledo, OH has a population of 24,600, which has decreased by -2.3% over the past 5 years. Ottawa, Toledo, OH is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		24,600-2.3%
    % Under 18
    		17.8%-6.8%
    % Seniors
    		15.3%4.1%
    % WFH
    		7.9%125.7%
    % w/ College Degree
    		41.9%6.3%
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    As of the latest ACS Survey released in 2023, Ottawa, Toledo, OH is a predominantly white area, with 59.1% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Ottawa, Toledo, OH is black, making up 28.7% of the population. Foreign-born residents account for 6.5% of the population in Ottawa, Toledo, OH, and this percentage has increased by 16.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		59.1%2.2%
    % Black
    		28.7%-7.4%
    % Hispanic
    		4.3%26.5%
    % Asian
    		2.6%-13.3%
    % Foreign Born
    		6.5%16.1%
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    Mortgage and Risk — Ottawa, Toledo, OH

    According to HUD data as of 2023, there were 353 mortgage originations in Ottawa, Toledo, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Ottawa, Toledo, OH. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		353
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Ottawa, Toledo, OH

    As of 2024, the percent of homes in Ottawa, Toledo, OH under the Section 8 program is 10.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ottawa, Toledo, OH, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		506
    Total Units Section 8
    		492
    % Rentals under Section 8
    		10.8%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$720$790
    2 Bedroom$155$875$1,030
    3 Bedroom$240$1,100$1,340
    4 Bedroom-$1,150$2,550$1,400

    Affordability — Ottawa, Toledo, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$199,000
    Median Household Income$60,300

    Ottawa, Toledo, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Scott Park, Toledo, OH

    43607

    West Toledo, Toledo, OH

    43613

    Junction, Toledo, OH

    43610

    Franklin Park, Toledo, OH

    43623

    South End, Toledo, OH

    43609

    Frequently Asked Questions