North Towne, Toledo, OH—43612
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Towne, Toledo, OH
As of Oct '25, the median home price in North Towne, Toledo, OH is $115,000, with a year-over-year change of 6.4%. This indicates that home prices in North Towne, Toledo, OH are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $115,000 | 6.4% |
| Single Family | $118,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $96,000 | 6.7% |
3 Bed | $121,000 | 6.1% |
4 Bed | $138,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Towne, Toledo, OH
As of July '25, Rentcast reports the average rent in North Towne, Toledo, OH is $983, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in North Towne, Toledo, OH is studios: $625, 1-bedrooms: $711, 2-bedrooms: $846, 3-bedrooms: $1,240, 4-bedrooms: $1,390. The most common rental property sizes in North Towne, Toledo, OH are 2-bedroom and 3-bedroom, accounting for 45.8% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $983 |
| Studio Rent | $625 | $625 |
| 1 Bed Rent | $695 | $711 |
| 2 Bed Rent | $875 | $846 |
| 3 Bed Rent | $1,220 | $1,240 |
| 4 Bed Rent | $1,350 | $1,390 |
% of Rental Stock
Property Listings — North Towne, Toledo, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in North Towne, Toledo, OH is 29. This is a decrease of -21.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $115,000 | 0.0% |
Listing Count | 119 | 31.0% |
| Listings as % of Homes | 0.7% | 31.0% |
Days on Market | 29 | -21.0% |
Demographics — North Towne, Toledo, OH
As of the latest ACS Survey released in 2023, North Towne, Toledo, OH has a population of 28,200, which has decreased by -4.9% over the past 5 years. North Towne, Toledo, OH is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | -4.9% |
% Under 18 | 25.8% | -5.5% |
% Seniors | 11.7% | 9.3% |
% WFH | 4.8% | 336.4% |
% w/ College Degree | 13.2% | 17.9% |
As of the latest ACS Survey released in 2023, North Towne, Toledo, OH is a predominantly white area, with 62.7% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in North Towne, Toledo, OH is black, making up 23.2% of the population. Foreign-born residents account for 1.6% of the population in North Towne, Toledo, OH, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.7% | -11.6% |
% Black | 23.2% | 43.2% |
% Hispanic | 9.3% | -10.6% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 1.6% | -20.0% |
Mortgage and Risk — North Towne, Toledo, OH
According to HUD data as of 2023, there were 457 mortgage originations in North Towne, Toledo, OH, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in North Towne, Toledo, OH. Investor activity is low, as 9.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 457 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — North Towne, Toledo, OH
As of 2024, the percent of homes in North Towne, Toledo, OH under the Section 8 program is 9.0%. 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. In North Towne, Toledo, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 567 |
Total Units Section 8 | 530 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $695 | $850 |
| 2 Bedroom | $245 | $875 | $1,120 |
| 3 Bedroom | $230 | $1,220 | $1,450 |
| 4 Bedroom | $180 | $1,350 | $1,530 |
Affordability — North Towne, Toledo, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $115,000 |
| Median Household Income | $50,500 |