Toledo, IL—62468
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Toledo, IL
As of Oct '25, the median home price in Toledo, IL is $152,000, with a year-over-year change of -4.1%. This indicates that home prices in Toledo, IL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | -4.1% |
| Single Family | $152,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Toledo, IL
Toledo, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Toledo, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Toledo, IL is 40. This is a decrease of -45.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $152,000 | 40.0% |
Listing Count | 2 | -33.0% |
| Listings as % of Homes | 0.1% | -33.0% |
Days on Market | 40 | -45.0% |
Demographics — Toledo, IL
As of the latest ACS Survey released in 2023, Toledo, IL has a population of 2,310, which has decreased by -8.1% over the past 5 years. Toledo, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,310 | -8.1% |
% Under 18 | 22.0% | -4.3% |
% Seniors | 23.2% | 42.3% |
% WFH | 11.7% | 69.6% |
% w/ College Degree | 15.0% | 24.0% |
As of the latest ACS Survey released in 2023, Toledo, IL is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Toledo, IL is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.4% of the population in Toledo, IL, and this percentage has decreased by 81.0% 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 | 97.6% | 3.8% |
% Black | 0.6% | 100.0% |
% Hispanic | 1.4% | -22.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -81.0% |
Mortgage and Risk — Toledo, IL
According to HUD data as of 2023, there were 19 mortgage originations in Toledo, IL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Toledo, IL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 19 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Toledo, IL
Toledo, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Toledo, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $152,000 |
| Median Household Income | $67,700 |