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Toledo city, WA

ZIP 98591 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98591

Median Home Value
$405,300
Median Rent
$569
Affordability Snapshot
$112,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,604/mo PITI).

9%
Rent-to-Income Ratio

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

5.0x
Home Price-to-Income Ratio

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

59.4 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 98591 in Toledo city, WA, a household would need roughly $112,000 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 $2,604. That is about 40% above the local median household income ($80,278), 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
89.8%+37% vs US avg
x
Vacancy Rate
5.5%-47% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
5.4%-57% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
9.0%-82% vs US avg
x
Mortgage-Free
39.7%+4% vs US avg
x
$405,300
Home Value
$569
Rent
1985
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached77.4%
  • 1-unit attached0.4%
  • 2-9 units2.3%
  • 10+ units0.9%
  • Mobile home & other19.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$405,300
Median rent$569
Owner-occupied89.8%
Vacant5.5%
Price-to-income5.0x
Est. income to buy$112,000