Downtown Toledo, Toledo, OH—43604
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Toledo, Toledo, OH
As of Oct '25, the median home price in Downtown Toledo, Toledo, OH is $58,000, with a year-over-year change of -6.7%. This indicates that home prices in Downtown Toledo, Toledo, OH are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $58,000 | -6.7% |
| Single Family | $51,000 | -3.8% |
| Condos | $277,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $93,000 | -2.1% |
3 Bed | $53,000 | -5.4% |
4 Bed | $63,000 | -4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Toledo, Toledo, OH
As of July '25, Rentcast reports the average rent in Downtown Toledo, Toledo, OH is $1,080, with a year-over-year rent change of 24.0%. Per bedroom, the median rent as of July '25 in Downtown Toledo, Toledo, OH is studios: $671, 1-bedrooms: $900, 2-bedrooms: $1,060, 3-bedrooms: $1,660. The most common rental property sizes in Downtown Toledo, Toledo, OH are 1-bedroom and 2-bedroom, accounting for 45.1% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,080 |
| Studio Rent | $650 | $671 |
| 1 Bed Rent | $735 | $900 |
| 2 Bed Rent | $900 | $1,060 |
| 3 Bed Rent | $1,450 | $1,660 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown Toledo, Toledo, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Toledo, Toledo, OH is 18. This is a decrease of -51.0% 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 | $87,000 | 2.0% |
Listing Count | 8 | -51.0% |
| Listings as % of Homes | 0.1% | -51.0% |
Days on Market | 18 | -51.0% |
Demographics — Downtown Toledo, Toledo, OH
As of the latest ACS Survey released in 2023, Downtown Toledo, Toledo, OH has a population of 9,710, which has increased by 8.8% over the past 5 years. Downtown Toledo, Toledo, OH is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,710 | 8.8% |
% Under 18 | 22.2% | -7.5% |
% Seniors | 11.5% | 25.0% |
% WFH | 6.5% | 116.7% |
% w/ College Degree | 15.8% | 11.3% |
As of the latest ACS Survey released in 2023, Downtown Toledo, Toledo, OH is a predominantly black area, with 51.8% of the population identifying as black. The black population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Downtown Toledo, Toledo, OH is white, making up 33.5% of the population. Foreign-born residents account for 3.6% of the population in Downtown Toledo, Toledo, OH, and this percentage has increased by 111.8% 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 | 33.5% | 6.0% |
% Black | 51.8% | -9.9% |
% Hispanic | 9.2% | -3.2% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 3.6% | 111.8% |
Mortgage and Risk — Downtown Toledo, Toledo, OH
According to HUD data as of 2023, there were 24 mortgage originations in Downtown Toledo, Toledo, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown Toledo, Toledo, OH. Investor activity is low, as 8.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Downtown Toledo, Toledo, OH
Downtown Toledo, Toledo, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2,580 |
Total Units Section 8 | 1,873 |
% Rentals under Section 8 | 46.7% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$55 | $735 | $680 |
| 2 Bedroom | -$10 | $900 | $890 |
| 3 Bedroom | -$270 | $1,450 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Downtown Toledo, Toledo, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $58,000 |
| Median Household Income | $19,000 |