Toledo, Ohio, one of the real estate market areas served by members of Northwest Ohio REALTORS®, ranked No. 1 on the Spring 2025 Housing Market Ranking issued jointly by The Wall Street Journal and Realtor.com®.
According to information from The Wall Street Journal and Realtor.com®, “the ranking highlights in-demand markets that offer a lower cost of living in or near economic hotspots. The ranking analyzes key housing market data, economic vitality and lifestyle metrics to surface emerging housing markets that offer a high quality of life and are expected to see future home price appreciation.”
“This recognition confirms what we’ve known all along — Toledo is a community full of opportunity, vibrancy, and value,” said Emily Bailey, President of Northwest Ohio REALTORS®.
Joining Toledo on The Top 10 Spring 2025 Housing Market Ranking are:
- Toledo, OH
- Manchester-Nashua, NH
- Rockford, IL
- Springfield, MA
- Canton-Massillon, OH
- Akron, OH
- Harrisburg-Carlisle, PA
- Hartford, CT
- Milwaukee-Waukesha, WI
- Reading, PA
“As REALTORS®, we are excited to help more families, individuals, and investors discover everything Northwest Ohio has to offer,” said Bailey. “Plus, we’re proud to see Toledo receive this well-deserved national recognition!”
According to the jointly issued report, the index methodology looks at:
The ranking evaluates the 200 most populous core-based statistical areas, as measured by the U.S. Census Bureau, and defined by July 2023 delineation standards for eight indicators across two broad categories: real estate market (60%) and economic health and quality of life (40%). Each market is ranked on a scale of 0 to 100 according to the category indicators, and the overall result is based on the weighted sum of these rankings. The real estate market category indicators are: real estate demand (15%), based on average pageviews per property; real estate supply (15%), based on median days on market for real estate listings; median listing price trend (15%), based on annual price growth over the quarter; property taxes (10%); and climate risk to properties (10%). The economic and quality of life category indicators are: unemployment (5%); wages (5%); regional price parities (5%); the share of foreign born (5%); small businesses (5%); amenities (10%), measured as the average number of stores per specific “everyday splurge” category (coffee, upscale/specialty grocery, home improvement, fitness) per capita in an area; and commute time (5%).