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Toledo

Learn about the people, housing, costs and businesses in Toledo, Illinois

Median Home$114,100
Median Rent$744/month
Population1,134
Leading IndustriesPublic Administration · Finance & Insurance27% public administration
Home Value Growth⬆⬆+13.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners82% of occupied units
NotableAffordable Market$114k median home · lower cost than 87% of the country
Toledo
IL

Explore Toledo

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Toledo?›

As of today, the 30-year fixed mortgage rate for Toledo is approximately 7.428% (7.446% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Toledo?›

The median home value in Toledo is $114k. The median monthly rent is $744. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Toledo?›

Home values in Toledo have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Toledo?›

Based on a typical all-in ownership cost of $747/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Toledo is $77k/year.

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What industries drive the economy in Toledo?›

The largest employment sectors in Toledo are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.