West Toledo, Toledo, OH—43613
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Toledo, Toledo, OH
As of Oct '25, the median home price in West Toledo, Toledo, OH is $154,000, with a year-over-year change of 6.6%. This indicates that home prices in West Toledo, Toledo, OH are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $154,000 | 6.6% |
| Single Family | $154,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $111,000 | 5.7% |
3 Bed | $160,000 | 6.7% |
4 Bed | $198,000 | 6.5% |
| 5 Bed | $222,000 | 6.2% |
% of Housing Stock
Rental Trends — West Toledo, Toledo, OH
As of July '25, Rentcast reports the average rent in West Toledo, Toledo, OH is $936, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in West Toledo, Toledo, OH is studios: $669, 1-bedrooms: $666, 2-bedrooms: $965, 3-bedrooms: $1,240, 4-bedrooms: $1,500. The most common rental property sizes in West Toledo, Toledo, OH are 2-bedroom and 3-bedroom, accounting for 40.5% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $936 |
| Studio Rent | $675 | $669 |
| 1 Bed Rent | $670 | $666 |
| 2 Bed Rent | $945 | $965 |
| 3 Bed Rent | $1,200 | $1,240 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — West Toledo, Toledo, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in West Toledo, Toledo, OH is 23. This is a increase of 30.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $154,000 | 6.0% |
Listing Count | 106 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 23 | 30.0% |
Demographics — West Toledo, Toledo, OH
As of the latest ACS Survey released in 2023, West Toledo, Toledo, OH has a population of 30,600, which has decreased by -6.3% over the past 5 years. West Toledo, Toledo, OH is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,600 | -6.3% |
% Under 18 | 24.4% | 6.6% |
% Seniors | 15.6% | 20.0% |
% WFH | 7.5% | 212.5% |
% w/ College Degree | 22.7% | 8.6% |
As of the latest ACS Survey released in 2023, West Toledo, Toledo, OH is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in West Toledo, Toledo, OH is black, making up 15.1% of the population. Foreign-born residents account for 2.5% of the population in West Toledo, Toledo, OH, and this percentage has decreased by 26.5% 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 | 70.7% | -7.9% |
% Black | 15.1% | 54.1% |
% Hispanic | 6.7% | -24.7% |
% Asian | 0.8% | -52.9% |
% Foreign Born | 2.5% | -26.5% |
Mortgage and Risk — West Toledo, Toledo, OH
According to HUD data as of 2023, there were 654 mortgage originations in West Toledo, Toledo, OH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in West Toledo, Toledo, OH. Investor activity is low, as 6.0% 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 | 654 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — West Toledo, Toledo, OH
As of 2024, the percent of homes in West Toledo, Toledo, OH under the Section 8 program is 10.0%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in West Toledo, Toledo, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 512 |
Total Units Section 8 | 420 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $670 | $810 |
| 2 Bedroom | $115 | $945 | $1,060 |
| 3 Bedroom | $180 | $1,200 | $1,380 |
| 4 Bedroom | -$50 | $1,500 | $1,450 |
Affordability — West Toledo, Toledo, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $154,000 |
| Median Household Income | $63,400 |