$64,792/yr
is the income needed to buy the typical $205,237 home in Toledo, OH at today's 7.28% rate — about $1,512/mo. The local median household ($63,749) falls $1,043 short.
The math (shown)
205,237 price − 10% down (20,524) = 184,713 loan
30-yr fixed at 7.28% on 184,713 = 1,264/mo principal+interest
+ 248/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,512/mo PITI ÷ 0.28 = 5,399/mo → 64,792/yr required
against Zillow ZHVI 2026-08 (Zillow ZHVI (typical home value, smoothed, all-homes 33–67pct tier)) and the 7.28% FRED 30-yr rate (2026-10-01). Local median income: $63,749 (U.S. Census Bureau ACS 2023 5-year, median household income (table B19013)).
Can I afford Toledo, OH on my salary?
Your salary:
Rent vs own here
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FAQ
How much do I need to make to live in Toledo, OH?
To buy the typical home, about $64,792/yr. Renting needs less; this page sizes the buy.
What home value is this based on?
Zillow's ZHVI typical-home-value for the Toledo, OH metro (2026-08): $205,237.
Is the mortgage rate current?
Yes — 7.28% from FRED's weekly 30-year fixed average (2026-10-01).
Glossary
ZHVI
Zillow Home Value Index — the typical home value for a region (35th–65th percentile, smoothed, seasonally adjusted).
Front-end DTI
Housing payment as a share of gross income; lenders commonly cap it near 28%.
PITI
Principal, Interest, Taxes, and Insurance — the full monthly housing cost.