The typical owner-occupied home in Toledo is worth about $299,100, 37% below the Oregon median of $477,600 and 10% below the national median of $332,700. Owners pay a median $2,557 a year in property taxes, about 0.85% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $53,947 a year, so the median home costs 5.5 times the median income (5.8 times for Oregon). 54% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Toledo at a glance
| Toledo | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $299,100 | $477,600 | $332,700 |
| Median property tax paid per year | $2,557 | $3,876 | $3,119 |
| Property tax as a share of value | 0.85% | 0.81% | 0.94% |
| Median household income | $53,947 | $83,011 | $80,734 |
| Homes lived in by their owners | 54% | 63% | 65% |
| Owner homes with a mortgage | 59% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,581 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 23.3% | 22.4% | 21.0% |
| Median rent | $1,084 | $1,525 | $1,413 |
| Rent as a share of renters' income | 29.4% | 31.3% | 30.6% |
| Median year homes were built | 1959 | 1981 | 1980 |
| Vacant homes | 7.4% | 7.5% | 10.1% |
| Population | 3,546 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Toledo
At this week's average 30-year rate of 7.11%, buying the median Toledo home of $299,100 with 20% down costs about $1,946 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,444, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $83,406 for the 20%-down payment. That payment is 43% of the median Toledo household income of $53,947; at that income and 20% down, the 28% guideline points to a home of about $193,000.
The median rent here is $1,084 a month, so owning the median home costs about $862 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,820 |
|---|---|
| Loan amount | $239,280 |
| Principal and interest | $1,610 |
| Property taxes (0.85% a year) | $212 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| PMI | $0 |
| Total per month | $1,946 |
Change the numbers in the calculator
| Down payment | $10,468 |
|---|---|
| Loan amount | $293,683 |
| Principal and interest | $1,976 |
| Property taxes (0.85% a year) | $212 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| FHA mortgage insurance | $132 |
| Total per month | $2,444 |
Change the numbers in the calculator
Questions about home buying in Toledo
What is the median home value in Toledo?
About $299,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Toledo?
Homeowners pay a median $2,557 a year, which is about 0.85% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Toledo?
For the median home with 20% down at 7.11%, the payment is about $1,946 a month. Keeping that under 28% of gross income takes about $83,406 a year.
More about Toledo
- Mortgage Refinance in Toledo
- Debt Relief in Toledo
- Home Equity Loans in Toledo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data