Toledo, IL housing market
The typical Toledo home is worth about $165,000, up 7.2% in a year, 45% below the Illinois typical home.
Home values, sales, trends and how Toledo compares with the towns next door — updated as new data is published.
Toledo at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Toledo | Illinois |
|---|---|---|
| 2017 | $120,000 | $181,000 |
| 2018 | $119,000 | $190,000 |
| 2019 | $116,000 | $195,000 |
| 2020 | $137,000 | $200,000 |
| 2021 | $162,000 | $215,000 |
| 2022 | $154,000 | $236,000 |
| 2023 | $153,000 | $248,000 |
| 2024 | $160,000 | $263,000 |
| 2025 | $159,000 | $278,000 |
| 2026 | $164,000 | $290,000 |
| August 2026 | $165,000 | $298,000 |
2.9 years of income
The typical Toledo home costs about 2.9 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Toledo is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Toledo pay a median of $909. A two-bedroom takes about 21% of the town's median household income.
Studio $670 · 4 bedrooms $1,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62468; Cumberland County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.