Cheap Homes in Toledo, OH

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Toledo, OH Foreclosures

How much do homes sell for in Toledo, OH?
The average home price is currently $121,518.
In Toledo, OH, how many homes are available?
There are currently 103,758 active home listings available in Toledo.
What’s the average rental cost in Toledo, OH?
The average rental price in Toledo is $1,051.
What is the most expensive home in Toledo, Ohio?
The most expensive home sold in Toledo had a price of $4,200,000.
What is currently the cheapest priced home in Toledo, OH?
The cheapest home for sale in Toledo is priced at $10,560.

Home Value Estimator For Toledo, OH

There are currently 103,758 real estate properties in Toledo, OH, with a median automated valuation model (AVM) price of $105,654.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Toledo, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Toledo, OH, is $121,518.00, with the most expensive house in Toledo, OH, topping out at $4,200,000.00 and the cheapest home in Toledo, OH, clocking in at $10,560.00. In other words, there’s something for every potential homebuyer or savvy investor in Toledo, OH!

Rent Prices In Toledo, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Toledo, OH, is on a rollercoaster ride. The average rent price in Toledo, OH, is $1,051.00. Indeed, when looking to rent in Toledo, OH, you can expect to pay as little as $450.00 or as much as $2,820.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Toledo, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Toledo, OH In 2024

Toledo is located in Lucas, Ohio, with an estimated municipal population of 272,779 residents. All of the best foreclosed homes for sale in Toledo are located in the following zip code areas on 43615 43611 43613 43612 43614 43608 43610 43606 43607 43604 43605 43609 43620 43623 43601 43603 43635 43652 43656 43657 43659 43660 43661 43666 43667 43681 43682 43697 43699. The estimated population per square kilometer (.62 miles) in Toledo is 1,308.

Cost Of Living In Toledo, OH

So, about how much do homes cost in Toledo? The most recent median value of resident-owned homes in Toledo is 79,303. An estimated 50.4 percent of households in Toledo own their homes, with an average family size of 3. The median household income in Toledo is 37,752, with11.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Toledo, the median commute time of resident workers (in minutes) is 20.2. And last, but certainly not least, are you looking for homes to rent in Toledo? If so, the average rent price paid by renters in Toledo is 725, according to recent statistics.

Diversity And Demographics In Toledo, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Toledo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Toledo is 35.1, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Toledo is 33.7, with an average family size of 3.

The percentage of residents who report their race in Toledo is as follows:

White 62.6%
Black / African American 27.4%
Asian 1.3%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.4%
Other 2.9%

Looking for family-friendly neighborhoods in and/or near Toledo? Or maybe you are searching for 55+ active adult communities in and/or near Toledo?

The percentage of residents who report their age in Toledo is as follows:

Under 10 13.5%
Aged 10-19 12.8%
20s 16.5%
30s 13%
40s 11.3%
50s 12.7%
60s 11.1%
70s 5.4%
80+ 3.5%

Best Schools In Toledo, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Toledo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Toledo.

Pros And Cons Of Living In Toledo, Ohio

How do you know that living in -- or moving to -- Toledo is right where you need to be? Perhaps you grew up in Toledo or already live nearby; therefore, the decision to buy a home in Toledo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Toledo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Toledo:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Toledo.

Reasons To Move To Toledo, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Toledo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Toledo, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Toledo, OH


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