Ottawa, Toledo, OH—43606
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ottawa, Toledo, OH
As of Oct '25, the median home price in Ottawa, Toledo, OH is $188,000, with a year-over-year change of 6.5%. This indicates that home prices in Ottawa, Toledo, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $188,000 | 6.5% |
| Single Family | $190,000 | 6.7% |
| Condos | $159,000 | 6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 7.4% |
3 Bed | $178,000 | 6.6% |
4 Bed | $277,000 | 4.5% |
| 5 Bed | $390,000 | 3.7% |
% of Housing Stock
Rental Trends — Ottawa, Toledo, OH
As of July '25, Rentcast reports the average rent in Ottawa, Toledo, OH is $1,050, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Ottawa, Toledo, OH is studios: $1,010, 1-bedrooms: $736, 2-bedrooms: $1,040, 3-bedrooms: $1,200, 4-bedrooms: $2,570. The most common rental property sizes in Ottawa, Toledo, OH are 2-bedroom and 1-bedroom, accounting for 39.6% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $1,050 |
| Studio Rent | $1,010 | $1,010 |
| 1 Bed Rent | $720 | $736 |
| 2 Bed Rent | $875 | $1,040 |
| 3 Bed Rent | $1,100 | $1,200 |
| 4 Bed Rent | $2,550 | $2,570 |
% of Rental Stock
Property Listings — Ottawa, Toledo, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Ottawa, Toledo, OH is 28. This is a increase of 8.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -2.0% |
Listing Count | 72 | 33.0% |
| Listings as % of Homes | 0.3% | 33.0% |
Days on Market | 28 | 8.0% |
Demographics — Ottawa, Toledo, OH
As of the latest ACS Survey released in 2023, Ottawa, Toledo, OH has a population of 24,600, which has decreased by -2.3% over the past 5 years. Ottawa, Toledo, OH is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -2.3% |
% Under 18 | 17.8% | -6.8% |
% Seniors | 15.3% | 4.1% |
% WFH | 7.9% | 125.7% |
% w/ College Degree | 41.9% | 6.3% |
As of the latest ACS Survey released in 2023, Ottawa, Toledo, OH is a predominantly white area, with 59.1% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Ottawa, Toledo, OH is black, making up 28.7% of the population. Foreign-born residents account for 6.5% of the population in Ottawa, Toledo, OH, and this percentage has increased by 16.1% 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 | 59.1% | 2.2% |
% Black | 28.7% | -7.4% |
% Hispanic | 4.3% | 26.5% |
% Asian | 2.6% | -13.3% |
% Foreign Born | 6.5% | 16.1% |
Mortgage and Risk — Ottawa, Toledo, OH
According to HUD data as of 2023, there were 353 mortgage originations in Ottawa, Toledo, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Ottawa, Toledo, OH. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 353 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ottawa, Toledo, OH
As of 2024, the percent of homes in Ottawa, Toledo, OH under the Section 8 program is 10.8%. 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 Ottawa, Toledo, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 506 |
Total Units Section 8 | 492 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $720 | $790 |
| 2 Bedroom | $155 | $875 | $1,030 |
| 3 Bedroom | $240 | $1,100 | $1,340 |
| 4 Bedroom | -$1,150 | $2,550 | $1,400 |
Affordability — Ottawa, Toledo, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $188,000 |
| Median Household Income | $60,300 |