Are Condos for Sale in Toledo Cheaper Than Houses? No, by $59,950

134 condominiums and villas are for sale across greater Toledo right now. The median one asks $274,950. The median single family house asks $215,000. The condo costs about sixty thousand dollars more than the house, and the two are within fifty square feet of the same size.

That is backwards from how condos get talked about, so I pulled the numbers rather than argue about it. Every active condominium and villa listing in Lucas, Wood, Fulton and Ottawa counties, set against every active single family house in the same four counties. Anything already under contract is out of the count, since it is not for sale to you.

How Much Are Condos in Toledo, Ohio?

	Listings	Median ask	Median size	Ask per sq ft	Median year built
Condo or villa	134	$274,950	1,545 sq ft	$170.71	1988
Single family house	1,012	$215,000	1,593 sq ft	$140.08	1950

Source: Northwest Ohio Real Estate Information Systems (NORIS) IDX feed, Active status only, Lucas, Wood, Fulton and Ottawa counties, pulled October 7, 2026. Per-foot figures are the median of each listing's own price divided by its own size. The count is 98 condominiums plus 36 villas.

$59,950 more for 48 fewer square feet, and a 21.9 percent premium per foot. In a market where the usual assumption is that the condo is the entry-level option, greater Toledo runs the other way.

Why Does a Condo Cost More Than a House Here?

Age, mostly. Look at the year built column again. The median condo was built in 1988 and the median house was built in 1950.

That is a function of how this market got built. Greater Toledo's single family stock is old and there is a great deal of it, which is the whole reason houses here are cheap relative to the country. Attached housing arrived later, so the condo inventory starts at a build date the house inventory passed through two generations earlier.

Hold the size constant and the gap gets wider, not narrower.

1,200 to under 1,800 sq ft	Listings	Median ask	Ask per sq ft	Median year built
Condo or villa	64	$252,400	$168.76	1984
Single family house	305	$189,900	$129.80	1936

Same source and date. That band is where the two property types sit on top of each other in this market.

$62,500 apart on the same square footage, and a 48 year difference in build date. So the premium is not paying for more room. It is paying for a building that is half a century newer, plus somebody else cutting the grass.

My dad, my grandpa, my uncle and my great-grandpa were builders. I worked in it until I was twenty. A 1936 house in this market is often built better than what replaced it, with lumber and millwork nobody buys now, and it has also been through several furnaces and roofs and probably one set of windows somebody installed on a budget. When I walk one I am looking for water first, which way the grade runs away from the foundation and where the downspouts put it. When I walk a 1984 condo the questions move outside the unit, because the roof, the siding, the drives and the parking are shared property and you are buying a share of all of them.

Which Towns Have Condos, and What Do They Cost?

Town	Condo listings	Condo median	Condo per sq ft	House median	House per sq ft
Toledo	51	$180,000	$130	$114,900	$95
Sylvania	19	$300,000	$169	$452,400	$181
Northwood	15	$367,900	$190	$224,900	$160
Perrysburg	14	$252,400	$185	$554,900	$217
Port Clinton	11	$479,900	$406	$344,000	$213
Maumee	8	$342,450	$166	$327,450	$179
Bowling Green	5	$449,900	$190	$366,950	$181

Town is the mailing address on the listing. Towns with fewer than five active condo listings are not shown. Of the 134, 89 are in Lucas County, 34 in Wood and 11 in Ottawa.

Three rows need their caveat said out loud before anyone uses them.

Northwood is one development, not a town market. 14 of its 15 listings are in Bridges of Northwood and all 14 are new construction. That row is a builder's current price list, and reading it as "what a condo costs in Northwood" would be wrong.

Port Clinton is lake property. Eight of its 11 listings are flagged waterfront, the median unit is 1,094 square feet, and the $406 per foot is the highest number in this entire pull. That is Lake Erie frontage priced as frontage. Strip Port Clinton out and the region's condo median drops from $274,950 to $261,110 and the per-foot from $170.71 to $166.12, so the conclusion above survives without it.

The Toledo city row is the cheapest condo entry in the region at $180,000, and the house in the same row is cheaper still at $114,900. Both reflect the city's older and smaller housing stock. Per foot the city's condos run $130, against $169 in Sylvania and $185 in Perrysburg.

Where Is a Condo Actually the Cheaper Choice Around Toledo?

Two towns.

In Sylvania the condo asks $300,000 and the house asks $452,400, so the attached home is $152,400 less, and it is cheaper per foot too, $169 against $181. In Perrysburg the gap is larger still: $252,400 against $554,900, and $185 a foot against $217. Those are the only two towns in this pull where the condo beats the house on both the sticker and the per-foot number.

So attached housing has a use here, and it is a narrow one. Region wide it is the expensive way to buy a home. In those two towns it is the affordable way into an address where the houses have moved past your number. If you have been going back and forth between those two towns, I compared them directly in Sylvania against Perrysburg.

The named communities in the current Sylvania inventory are The Villas at Lincoln Woods, Stonehenge, Fairways at Sylvania Country Club, Twelve Lakes, Country Walk Commons, Berkshire Village and Woodstream Farms. Those 19 listings are spread across a dozen or so associations, most with one or two listings each, which is the honest picture of supply: there is no deep Sylvania condo market, there are a handful of units across several associations at any one time.

Is a Villa the Same Thing as a Condo?

No, and the NORIS MLS treats them as separate property types for a reason.

	Listings	Median ask	Median size	Ask per sq ft	Median year built	New construction
Villa	36	$379,900	1,958 sq ft	$201	2016	17 of 36
Condominium	98	$235,280	1,431 sq ft	$157	1984	11 of 98

A villa in this market is the newer, bigger, usually one floor attached home, nearly half of the current supply is brand new, and it asks $144,620 more than a condominium. A condominium is the older and smaller product, and 57 of the 98 are two bedroom.

So "condos for sale" and "villas for sale" return very different price points here, and a search that mixes them tells you almost nothing.

Age drives the price inside the attached market the same way it does across it. Pre-1980 condos ask $159,999 at $114 a foot. The 15 listings built in 2020 or later ask $462,350 at $251 a foot. New construction attached asks $379,900 at $220 a foot against resale's $247,450 at $159, which is the same shape as the new construction premium on the detached side.

Where Are the One Floor Condos for Sale Around Toledo?

The search term people use is "ranch condos," and the answer is better than the villa price tag suggests. 79 of the 134 attached listings report a single level, so most of this market is already one floor. The product type is not what gets you there.

One floor only	Listings	Median ask	Median size	Ask per sq ft	Median year built
Condominium	53	$245,000	1,397 sq ft	$171	1987
Villa	26	$371,400	1,929 sq ft	$220	2017

Same source and date, using each listing's reported number of levels. 20 of those 53 one floor condominiums ask under $200,000.

So filter on levels, not on the word villa. A one floor condominium asks $126,400 less than a one floor villa and there are twice as many of them. The villa buys you newer and bigger, which plenty of people want, but it is not what buys you the single level. By town the one floor count runs 25 in Toledo, 13 in Sylvania, 11 in Perrysburg, 10 in Northwood and 5 in Port Clinton.

One thing the data cannot tell you is where the primary bedroom sits in a two level unit, and that is the question behind most one floor searches. Ask it per listing.

What Does It Cost by Price Band?

Asking price	Listings	Share	Median size	Ask per sq ft
Under $150,000	18	13.4%	1,078 sq ft	$92
$150,000 to $249,999	36	26.9%	1,363 sq ft	$145
$250,000 to $399,999	52	38.8%	1,619 sq ft	$188
$400,000 and up	28	20.9%	2,088 sq ft	$247

If your ceiling is $150,000 there are 18 listings in the region, a median 1,078 square feet at $92 a foot. If you are above $400,000 there are 28, and that band is where most of the villa product sits. For how per-foot pricing works across this market generally, including what a finished basement does to the number, see price per square foot in greater Toledo.

How Much Are Condo Association Fees in Toledo?

This is the number that decides the purchase and it almost never makes it into the comparison, so here it is.

Property tax first, because it moves with the price. The condo listings report a median $3,047 a year and the houses $2,414, which tracks the sixty thousand dollar gap.

Then the association fee. 117 of the 134 listings carry a fee entry and 108 of them quote a figure that converts to a monthly number. Nine report no fee at all and 17 report nothing either way.

Monthly association fee	Figure
Median, all 108 reporting	$182
Middle half of them	$133 to $265
Lowest and highest	$5 and $594
Condominium median, 75 reporting	$228
Villa median, 33 reporting	$125

Same source and date, each listing's quoted fee converted to a monthly figure where it was quoted quarterly.

Read those last two rows again, because they run against the sticker. The villa costs $144,620 more to buy and $103 a month less to carry. Newer buildings with less shared structure have less to maintain, and the fee says so.

A $182 median works out to $2,184 a year on top of the price, which is the part that gets left out of the sixty thousand dollar comparison at the top of this post.

The spread is what matters most though. Inside the $250,000 to $300,000 band there are 21 listings and their fees run from $10 to $594 a month. Two units at the same asking price, nearly six hundred dollars a month apart in carrying cost. The price tells you very little until you have the fee next to it.

And the fee means nothing until you know what it buys. Of the 104 listings that itemize coverage, 94 include lawn care, 79 snow removal, 59 grounds maintenance, 47 trash, 33 exterior hazard insurance, 22 structural maintenance, 18 water and 15 sewer. So the common case is somebody cutting the grass and plowing the drive. Only about one in five is maintaining the structure, and that is the expensive one.

What the Listings Will Not Tell You

The fee is published. The association's finances are not, and that is the gap that costs people money.

Three things I ask for before a client writes an offer on one, every time:

1. The current monthly fee and what it covers, in writing, with the fee history for the last five years.
2. The reserve balance and the reserve study. An association with money set aside for the roof is a different purchase from one that will assess for it. Ohio condominium associations operate under Ohio Revised Code Chapter 5311. Section 5311.081 says the budget must include reserves "in an amount adequate to repair and replace major capital items in the normal course of operations without the necessity of special assessments," and that the reserve cannot be less than ten percent of the annual budget unless the owners waive it, annually, by not less than a majority of the association's voting power. Ask whether this one has been waiving it.
3. Pending and past special assessments. A $250,000 unit with a $17,000 assessment coming is a $267,000 unit, and the listing will not tell you.

If those answers are slow to arrive, that tells you something as well.

What to Do With This

Do not shop a condo around Toledo expecting it to be the budget option. Region wide it asks sixty thousand more than a house the same size, and what you are buying for that is a building roughly fifty years newer with the exterior maintenance handled.

Shop it for Sylvania or Perrysburg, where it is the cheaper door into an address the houses have priced you out of. Shop it for one floor, and filter on levels rather than on the word villa, because 53 one floor condominiums ask a median $245,000 against the one floor villa's $371,400. Then put the monthly fee next to the asking price on every one of them before you fall for a unit, and read the association's books before you write.

If you are selling a condo and the next move depends on what it brings, start with what your home is worth.

These are Active listings on October 7, 2026. With 19 listings in Sylvania and 14 in Perrysburg, this inventory changes materially in a month. Send me your price band and the towns you want, and I will pull the current list with the monthly fee next to the price, what the fee covers, whether the primary bedroom is on the first floor, and the five year fee history, reserve study and assessment record on each association, so you can compare them on what they cost to own instead of what they cost to buy.

Thinking about buying or selling in Greater Toledo? Let's talk.

Adam Geuy, Realtor, Blacktree Realty, ABR, PSA, SRS, Greater Toledo, Ohio. 419.540.8659.