Market Overview
Home Prices in Toledo, IL
The median home value in Toledo, IL is $163,762 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Toledo are priced60% below average. Toledo is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Toledo home values have risen by approximately2.5%, reflecting modest growth in this market.
Price History
Toledo Home Price Trend
2020
$148,915
$149K
—
2021
$159,824
$160K
+7.3%
2022
$155,722
$156K
-2.6%
2023
$164,469
$164K
+5.6%
2024
$160,920
$161K
-2.2%
2025
$155,709
$156K
-3.2%
2026
$163,762
$164K
+5.2%
City Comparison
Toledo vs. National Median
🏠 Toledo
$163,762
National Median
$410,000
At $163,762, homes in Toledo cost 60% below the national median of $410,000. This makes Toledo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Toledo?
20% Down Payment
$32,752
on $163,762
Monthly P&I
$854/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,085/mo
incl. taxes & insurance
Income Needed
$43,400
gross annual (30% rule)
10% Down Option
$16,376
+ PMI applies
Loan Amount (20% dn)
$131,010
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Toledo, IL?
The median home value in Toledo is $163,762 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Toledo?
Over the past year, home values in Toledo have increased by 5.2%. Over five years, prices have risen approximately 2.5%.
How much do I need to earn to buy a home in Toledo?
To comfortably afford the median home price of $163,762 with a 20% down payment ($32,752) at today's rates (6.8%), you'd need a gross annual income of approximately $43,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Toledo compare to the national average home price?
The national median home value is approximately $410,000. At $163,762, homes in Toledo are 60% below the national average.
What metro area is Toledo part of?
Toledo is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.