The U.S. Census shows Toledo as having a slightly younger population than the rest of Ohio, and the city’s many cultural attractions and amenities appeal to these families and students. University of Toledo and its activities are the main attractions for college-aged residents, although many of them also appreciate the city’s colorful art scene and nightlife. Families also enjoy Toledo museums and activities such as the Toledo Zoo, Imagination Station and Toledo Museum of Art.
Buying a Home in Toledo?
While house prices in Toledo are increasing, they remain very affordable. The median sales price of Toledo homes is $116,200, a 20 percent increase over last year. Even with this price hike, Toledo homes are still much more affordable than the national median home price of $219,400. Sales volume is also up 9 percent, even though the actual number of homes sold decreased slightly. The average sale price of a home in Toledo currently stands at $134,612.
Popular Neighborhoods in Toledo?
Locals who want to be in the heart of the action are moving to Toledo’s Warehouse District. This Downtown Toledo neighborhood is home to singles, small families and recent college graduates who are drawn to its ample employment, activities and walkability. Interest in nearby Old West End and Harvard Terrace is also growing, attracting more established professionals to their neighborhoods’ captivating historic architecture, cultural attractions and community events. For proximity to University of Toledo, higher property values and graceful architecture, the Old Orchard neighborhood is prime. Those who want more suburban lifestyles enjoy the nearby upscale Ottawa Hills and the new homes in Perrysburg.