Real Estate in Toledo | Toledo Homes For Sale
If you're currently living in a big or expensive city but can't afford to stay there since the collapse of commercial mortgage loans, then why not consider selling up and buying real estate somewhere cheaper, like Toledo, Ohio? Toledo, OH is an All-American city that's had its ups and downs but is holding its own in the world and has still managed to remain affordable to live in, a rarity of modern times. For more information on Toledo, its real estate market, entertainment opportunities, jobs, health care system, demographics and more, just browse through the pages of this website. They've been compiled by Toledo, Ohio real estate agents specifically to help out curious potential buyers like yourself.
Toledo, Ohio: The Glass City
Toledo, Ohio is located on the banks of the Maumee River where it empties into Lake Eerie through Maumee Bay close to the Michigan state line. It is the county seat of Lucas County and has a population of about 295,000 spread over 80 square miles of sandy oak savannah. The city was settled in 1794 and named for Toledo, Spain. It has been designated a Tree City USA by the National Arbor Day Foundation and has won the All-America City Award three times, placing it in the National Civic League Hall of Fame.
The manufacturing industry and port trading on the Great Lakes were Toledo, OH's economic underpinnings for decades. The city was known for its automobile and auto parts manufacturing companies, most notably General Motors and Chrysler, until recent cutbacks in both companies have turned economic dominance over to education and health care. Currently the largest employer in the city is the University of Toledo. The city also has six hospitals, two Fortune 500 companies, busy air, rail, and sea ports, and a thriving glass-making industry that gives the city its nickname: "the City of Glass."
For those wanting a look at Toledo glass, it is on display in the Glass Pavilion of the Toledo Museum of Art. The city also has one of the ten best zoos in the nation, a huge arboretum, several stunning bridges and buildings constructed from glass and metal, and professional teams in the baseball, hockey, and arena football minor leagues.
Neighborhoods and Home Styles in Toledo, OH
Toledo, Ohio is a city with a plethora of distinct neighborhoods for you to choose from. The biggest factors that will play into your choice of neighborhood are income level and lifestyle. If you're a single professional, you may prefer an apartment or condo in the city's downtown core, near the office buildings, night clubs, and upscale entertainment venues. If you're relocating with a family, one of the outer ring neighborhoods, with their spacious single family homes, tree-lined streets, and friendly neighbors may be more to your liking. For students, the neighborhoods surrounding the University of Toledo are your best bet for affordable apartments packed with potential study buddies.
The fact that Toledo, OH has gone relatively untouched by natural disasters and wars for most of its history means that you have a variety of options when it comes to home style. You can, of course, find homes in the modern and post-modern suburban box style like you can everywhere, but you can also see a lot of historic styles as well. Take, for instance, the bungalows built in Harvard Terrace in the 1900s. They're in the Arts and Crafts, Prairie, Colonial and Georgian Revival style. The Old West end also has a lot of recently restored larger homes (1,200 to 10,000 square feet) in the Victorian and Edwardian styles.
As we have previously mentioned, living in Toledo, OH is eminently affordable. The cost of living in the city is only 78.7, low compared to the United States average of 100. An average single family home costs about $111,000 while town houses average out at $121,000 and condos range on average from $88,000 to $176,000. Average rents are about $600 per month.
Contact a Toledo, OH Real Estate Agent
If Toledo, Ohio sounds like just the city you've been looking for, head to the phone and contact one of our local Toledo real estate agents to help you with your home search. They can also be an invaluable source of information if you're not quite sure whether Toledo is for you yet. There's no one quite like a real estate agent, so make sure to call one if you're going to be entering the market, as you'll need someone on your side to help you make the transition.
