North Toledo, Toledo, OH—43608
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Toledo, Toledo, OH
As of Oct '25, the median home price in North Toledo, Toledo, OH is $46,000, with a year-over-year change of -1.3%. This indicates that home prices in North Toledo, Toledo, OH are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $46,000 | -1.3% |
| Single Family | $46,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $40,000 | -2.4% |
3 Bed | $49,000 | 0.0% |
4 Bed | $55,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Toledo, Toledo, OH
As of July '25, Rentcast reports the average rent in North Toledo, Toledo, OH is $932, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in North Toledo, Toledo, OH is 1-bedrooms: $650, 2-bedrooms: $818, 3-bedrooms: $1,070, 4-bedrooms: $1,350. The most common rental property sizes in North Toledo, Toledo, OH are 3-bedroom and 2-bedroom, accounting for 48.8% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $932 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $800 | $818 |
| 3 Bed Rent | $995 | $1,070 |
| 4 Bed Rent | $1,350 | $1,350 |
% of Rental Stock
Property Listings — North Toledo, Toledo, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in North Toledo, Toledo, OH is 40. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $69,400 | 28.0% |
Listing Count | 84 | 12.0% |
| Listings as % of Homes | 0.8% | 12.0% |
Days on Market | 40 | -19.0% |
Demographics — North Toledo, Toledo, OH
As of the latest ACS Survey released in 2023, North Toledo, Toledo, OH has a population of 14,200, which has decreased by -2.8% over the past 5 years. North Toledo, Toledo, OH is a popular place for families, as children make up 30.5% of the population. The area has a poorly educated workforce, with 10.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -2.8% |
% Under 18 | 30.5% | 8.9% |
% Seniors | 12.1% | 30.1% |
% WFH | 2.9% | 70.6% |
% w/ College Degree | 10.1% | 129.5% |
As of the latest ACS Survey released in 2023, North Toledo, Toledo, OH is a predominantly black area, with 57.8% of the population identifying as black. The black population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in North Toledo, Toledo, OH is white, making up 25.1% of the population. Foreign-born residents account for 4.0% of the population in North Toledo, Toledo, OH, and this percentage has increased by 73.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.1% | 7.7% |
% Black | 57.8% | -5.1% |
% Hispanic | 8.4% | 12.0% |
% Asian | 1.7% | 41.7% |
% Foreign Born | 4.0% | 73.9% |
Mortgage and Risk — North Toledo, Toledo, OH
According to HUD data as of 2023, there were 47 mortgage originations in North Toledo, Toledo, OH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in North Toledo, Toledo, OH. Investor activity is high, as 19.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 19.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — North Toledo, Toledo, OH
As of 2024, the percent of homes in North Toledo, Toledo, OH under the Section 8 program is 15.4%. This is considered high, suggesting that the neighborhood is heavily 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 North Toledo, Toledo, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 393 |
Total Units Section 8 | 342 |
% Rentals under Section 8 | 15.4% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $650 | $730 |
| 2 Bedroom | $160 | $800 | $960 |
| 3 Bedroom | $255 | $995 | $1,250 |
| 4 Bedroom | -$40 | $1,350 | $1,310 |
Affordability — North Toledo, Toledo, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $46,000 |
| Median Household Income | $28,500 |