Toledo’s housing market is experiencing notable changes, with rising home values and new developments reshaping the landscape. Understanding these trends is essential for prospective homebuyers, renters, and investors.
Current Market Trends
As of early 2026, Toledo’s housing market has shown steady growth. The average home value stands at approximately $130,101, reflecting a 5.1% increase over the past year. Homes typically go pending in around 10 days, indicating a competitive market. The median sale price is $110,100, with a median list price of $117,633. Notably, 33.7% of sales have been over the list price, underscoring strong demand.
New Housing Developments
Several initiatives are underway to address housing needs and revitalize neighborhoods:
Collingwood Green Living
In May 2026, the city celebrated the grand opening of Collingwood Green Living, a $29 million development offering 75 apartments for residents aged 62 and older. This project aims to increase affordable housing options and rejuvenate the Junction neighborhood.
The Grand and The Glen
In February 2025, groundbreakings were announced for two workforce housing developments: The Grand, located at the former Driggs Dairy site, and The Glen, situated at the former Southland Shopping Plaza. These projects are pivotal in addressing the city’s affordable housing shortage and revitalizing underutilized areas.
Resources for Homebuyers and Renters
The City of Toledo offers several programs to assist residents:
- Home At Last: Provides up to $12,500 in down payment assistance for first-time homebuyers, with up to $20,000 available in target neighborhoods.
- Home Rescue: Offers loans for homeowners to address code violations and lead hazard issues.
- Residential Tax Abatement Program: Grants a 100% tax exemption on the increased property value resulting from new home construction or significant renovations.
For renters, the average rent in Toledo is $1,092, which is below the national average of $1,910. This affordability makes Toledo an attractive option for many.
Looking Ahead
With ongoing developments and supportive programs, Toledo’s housing market is poised for continued growth. Prospective buyers and renters are encouraged to explore available resources and stay informed about market trends to make well-informed decisions.