Located on the western edge of Lake Erie, the city of Toledo, Ohio, is right on the border between Ohio and Michigan. Toledo is an hour south of Detroit and under two hours away from Cleveland. Including its suburbs, Toledo has a population of just over 600,000.
If you’re investigating making the move, you should know that the city experiences all four seasons with distinctly separate weather conditions and temperatures. That makes Toledo great for families who like snowy winters, warm summers, and cool springs.
Buying a Home in Toledo, OH
Is Toledo a good place to buy your first home? Absolutely. Its low home costs and comfortable cost of living gives you a great value for what you invest. There are a wide range of styles available in metropolitan areas and in suburbs.
Annual median home prices usually stay within $90,000–$115,000, so homes, in general, are very accessible to families, newlyweds looking for a place to settle down and young professionals who want an attractive base of operations. The average annual wage in Toledo is around $45,000.
Toledo’s Varied Appeal
Thanks to a central location and a good blend of amenities and activities, just about anyone can enjoy calling Toledo home. Here’s why:
- Lots of single Millennials: Single professionals looking to launch their careers in Toledo are happy to learn that there are more single people in Toledo than married. Whether looking for someone special or just wanting to have fun with friends, the city’s great restaurants and social activities are a great backdrop.
- Great parks: Toledo’s parks system stretches throughout the entire city, offering amazing views of Lake Erie, relaxing outdoors spaces and plenty of bike trails for exercise enthusiasts.
- Family-friendly activities: From the Imagination Station, a hands-on science museum where kids get to see experiments in action, to the Toledo Zoo, there are endless ways for families to spend time together.
- Proximity to bigger cities: Only an hour or two from Detroit and Cleveland, Toledo satisfies your cravings for the best amenities without the headaches from actually living in a huge metropolis.