Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,233 people, 2,417 houses or apartments, and a median cost of homes of $118,334, house prices in Toronto are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Toronto, accounting for 68.18% of the city's housing units. Other types of housing that are prevalent in Toronto include large apartment complexes or high rise apartments ( 16.23%), mobile homes or trailers ( 8.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Toronto. Owner-occupied housing accounts for 72.77% of Toronto's homes, and 57.29% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Toronto's housing was primarily built during this period, from the '40s through the '60s. A full 45.59% of the city's housing hails from this era. Other housing ages represented in Toronto include homes built before 1939 ( 36.31%) and housing constructed between 1970-1999 ( 12.79%). There's also some housing in Toronto built between 2000 and later ( 5.31%).
Toronto's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Toronto during the period has been just 4.79%, which is lower than 80% of US communities.
Over the last year, Toronto appreciation rates have trailed the rest of the nation. In the last twelve months, Toronto's appreciation rate has been 1.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Toronto were at -4.64%, which equates to an annual appreciation rate of -17.30%.
Notably, Toronto's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Toronto's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.
$118,334
for Ohio
for nation
2,417
$1,074 / per month