Quick facts: Toledo, OR

Quick Facts

111
Cost of Living
above US average
3,541
Population
13.56
Crime Rate per 1000
below US average
$46,477
Median Income
below US average
$399,999
Median House Price
above US average
$933.0
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $46,477.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $46,477
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $933.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($46,477) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Toledo, OR

Toledo is a charming small city located in Lincoln County, Oregon, nestled along the Yaquina River. With a population of around 3,500 residents, it offers a tight-knit community atmosphere and stunning natural scenery. The area is characterized by lush forests and proximity to the rugged Oregon coastline, making it an ideal spot for outdoor enthusiasts. Toledo has a rich history, originally founded as a timber town. Today, it retains a quaint downtown area featuring local shops, restaurants, and art galleries that celebrate the community's heritage. The city is well-known for its commitment to the arts, hosting various events throughout the year. Residents and visitors can enjoy outdoor activities such as hiking, fishing, and bird-watching in the surrounding natural areas. The nearby Siuslaw National Forest provides ample opportunities for exploration. Toledo's location also serves as a gateway to the coastal cities of Newport and Lincoln City, where visitors can enjoy beaches, marine life, and seafood dining. Overall, Toledo is a peaceful retreat for those seeking to experience Oregon’s natural beauty and local culture.

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