Franklin Park, Toledo, OH—43623
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin Park, Toledo, OH
As of Oct '25, the median home price in Franklin Park, Toledo, OH is $202,000, with a year-over-year change of 6.8%. This indicates that home prices in Franklin Park, Toledo, OH are increasing. 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 | $202,000 | 6.8% |
| Single Family | $203,000 | 6.8% |
| Condos | $189,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 9.2% |
3 Bed | $190,000 | 7.3% |
4 Bed | $297,000 | 4.9% |
| 5 Bed | $383,000 | 3.0% |
% of Housing Stock
Rental Trends — Franklin Park, Toledo, OH
As of July '25, Rentcast reports the average rent in Franklin Park, Toledo, OH is $967, with a year-over-year rent change of -18.7%. Per bedroom, the median rent as of July '25 in Franklin Park, Toledo, OH is studios: $639, 1-bedrooms: $755, 2-bedrooms: $1,090, 3-bedrooms: $1,800, 4-bedrooms: $1,800. The most common rental property sizes in Franklin Park, Toledo, OH are 1-bedroom and 2-bedroom, accounting for 43.6% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $967 |
| Studio Rent | $639 | $639 |
| 1 Bed Rent | $727 | $755 |
| 2 Bed Rent | $1,100 | $1,090 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Franklin Park, Toledo, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin Park, Toledo, OH is 37. This is a increase of 23.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 21.0% |
Listing Count | 64 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 37 | 23.0% |
Demographics — Franklin Park, Toledo, OH
As of the latest ACS Survey released in 2023, Franklin Park, Toledo, OH has a population of 20,400, which has increased by 2.1% over the past 5 years. Franklin Park, Toledo, OH is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,400 | 2.1% |
% Under 18 | 18.5% | -8.9% |
% Seniors | 22.0% | 12.2% |
% WFH | 9.6% | 190.9% |
% w/ College Degree | 31.1% | -5.8% |
As of the latest ACS Survey released in 2023, Franklin Park, Toledo, OH is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Franklin Park, Toledo, OH is hispanic, making up 8.3% of the population. Foreign-born residents account for 5.3% of the population in Franklin Park, Toledo, OH, and this percentage has decreased by 23.2% 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 | 79.4% | -5.0% |
% Black | 5.3% | -22.1% |
% Hispanic | 8.3% | 72.9% |
% Asian | 2.5% | 0.0% |
% Foreign Born | 5.3% | -23.2% |
Mortgage and Risk — Franklin Park, Toledo, OH
According to HUD data as of 2023, there were 432 mortgage originations in Franklin Park, Toledo, OH, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Franklin Park, Toledo, OH. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 432 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Franklin Park, Toledo, OH
As of 2024, the percent of homes in Franklin Park, Toledo, OH under the Section 8 program is 5.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Franklin Park, Toledo, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 244 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $63 | $727 | $790 |
| 2 Bedroom | -$60 | $1,100 | $1,040 |
| 3 Bedroom | -$450 | $1,800 | $1,350 |
| 4 Bedroom | -$380 | $1,800 | $1,420 |
Affordability — Franklin Park, Toledo, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $202,000 |
| Median Household Income | $65,900 |