Cost of Living,
Toledo's Real Estate Market
Toledo Metro Area
Profile: Mid-sized city Location: Northwest Ohio at the western corner of Lake Erie at the Michigan border Elevation: 692 Time zone: Eastern Standard Time
|Central location||Weak employment|
|Cost of living||Industrial feel|
|Nearby water recreation||Gloomy winters|
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Toledo is a hardworking city that would like to outrun its image, and generally brings more to the table than meets the eye. It is a major Great Lakes port, transportation, and industrial center with concentrations in auto parts and glassmaking. While these businesses haven’t fared well recently, Toledo has been spared some of the worst.
The strategic central location among markets and major east-west and north-south routes has made it a favorite crossroads location for transportation providers, including UPS and BAX, and the area is a popular residence for business travelers covering other parts of the East and Midwest. The downtown is unremarkable but improving slowly with some attractive new waterfront developments, but there are some gritty areas (particularly north of town). Good neighborhoods extend mainly south and west along the Anthony Wayne Parkway towards the airport, including the attractive suburbs of Maumee and Perrysville.
Prior industrial endowments have brought some better-than-average museums and cultural amenities. The venerable Toledo Mud Hens minor-league baseball team and a good zoo are part of a healthy entertainment picture. Civic pride among local residents runs strong. Amenities and services missing locally are available in Detroit (60 miles north) or Cleveland (115 miles east). Sandusky (60 miles east) is an excellent recreation destination. The location on Lake Erie’s western shore gives better winters than other parts of northern Ohio, but climate is hardly an attraction.
The city is located at the mouth of the Maumee River. Except for a 30-foot riverbank, the terrain is generally level with only a slight slope toward the river and Lake Erie. Climate is continental with some moderating effects from Lake Erie. Summers are warm and humid while winters are cool and humid with considerable cloudiness. Winter sun shines only 30% of daylight hours, with December and January only clear 16% of the time. Snowfall, on the other hand, is generally light. A combination of flat terrain and occasionally high lake levels can result in flooding. First freeze is mid-October, last is late April.
Interesting Facts about Toledo, Ohio
As of 2014, Toledo's population is 287,487 people. Since 2000, it has had a population growth of -8.09 percent.--------------------
The median home cost in Toledo is $53,400. Home appreciation the last year has been 0.60 percent.--------------------
Compared to the rest of the country, Toledo's cost of living is 23.10% Lower than the U.S. average.--------------------
Toledo public schools spend $14,404 per student. The average school expenditure in the U.S. is $12,435. There are about 67.3 students per teacher in Toledo.--------------------
The unemployment rate in Toledo is 6.20 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Toledo jobs have Increased by 0.84 percent.
Ranked #10 America’s Manliest Cities
Ranked #11 Best Cities for Teleworking - Small Metro Areas
Ranked #12 Americas Manliest Cites 2011
Ranked #22 America's Migraine Hot Spots
Ranked #26 Second Annual “America’s Manliest Cities” Rankings
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Average Commute time is 19 minutes. The National Average is 25 minutes.--------------------
Toledo's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes