Mortgage Affordability Calculator for Toledo, OH
Updated 2026 · Local data pre-filled
In Toledo, the median household income is $48,400 per year, while the median home costs $145,000. The price-to-income ratio is 3.0x — relatively affordable for local buyers. Use this calculator to determine what you can comfortably afford based on your income.
✓ Calculator below is pre-filled with Toledo local data
How Toledo Compares to the National Average
Understanding how Toledo stacks up helps you calibrate your financial planning.
| Metric | Toledo, OH | US Average | Difference |
|---|---|---|---|
| Median Home Price | $145,000 | $420,800 | -65.5% |
| Median Monthly Rent | $733 | $1,713 | -57.2% |
| Median Household Income | $48,400 | $74,580 | -35.1% |
| Property Tax Rate | 1.60% | 1.10% | +45.5% |
| Cost of Living Index | 80 | 100 | -20.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Toledo Financial Snapshot
- Population (Metro)
- 620,000
- Unemployment
- 5.8%
- Avg Commute
- 21 min
- Median Age
- 36.8
- Price-to-Rent Ratio
- 16.5x
- Annual Property Tax
- $2,320
Mortgage Affordability Calculator in Other Ohio Cities
Frequently Asked Questions — Toledo
What is the median home price in Toledo, OH?
The median home price in Toledo is $145,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Toledo?
Median monthly rent in Toledo is $733. That works out to $8,796/year, or 18% of the median household income — within the commonly recommended 30% of income guideline.
Is Toledo affordable?
Toledo's cost of living index is 80 vs. the national average of 100. With a median household income of $48,400/year and a median home price of $145,000, the price-to-income ratio is 3.0x. Toledo remains relatively affordable compared to many US metros.
What is the property tax rate in Toledo?
The effective property tax rate in Toledo is 1.60% of assessed value. On the median home of $145,000, that's roughly $2,320/year ($193/month).