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Toledo city, OR

ZIP 97391 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97391

Median Home Value
$355,100
Median Rent
$894
Affordability Snapshot
$98,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,281/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

33.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97391 in Toledo city, OR, a household would need roughly $98,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,281. That is about 70% above the local median household income ($57,793), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.0%+1% vs US avg
x
Vacancy Rate
5.0%-52% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
7.8%-48% vs US avg
x
Built Pre-1939
11.0%-14% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
31.7%-36% vs US avg
x
Mortgage-Free
45.9%+20% vs US avg
x
$355,100
Home Value
$894
Rent
1961
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.9%
  • 1-unit attached2.3%
  • 2-9 units15.3%
  • 10+ units1.9%
  • Mobile home & other15.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$355,100
Median rent$894
Owner-occupied66.0%
Vacant5.0%
Price-to-income6.1x
Est. income to buy$98,000