Toledo, Illinois.
Typical home $167,886 (+7.7% in a year). Charleston-Mattoon, IL metro.
to buy the typical home at today's mortgage rate — +$377 (+75%) since Jan 2020.
- 1 year
- Up $11,962 +8%
- $155,924$167,886 since Sep 2025
- 5 years
- Up $10,207 +6%
- $157,679$167,886 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Toledo$881
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 55 years.
Typical home values in Toledo, IL rose 7.7% over the past year — faster than the nation's +1.2%.
Living in Toledo, Cumberland County, Illinois
Toledo is a village of 1,161 people in Cumberland County. Half its households earn more than $56,354 a year and half less, against $73,327 across Cumberland County; 18% of its people live below the poverty line. Unemployment in Cumberland County was 2.7% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most people in Cumberland County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Toledo is a small village and the seat of Cumberland County, Illinois, where people tend to know one another. Incomes here run below the county's as a whole, and a larger share of residents live in poverty than one might expect, while the typical home value is modest. Winters are cold, with January highs near freezing and lows well below it, and summers turn warm in July; rain and melted snow add up to a fair amount over the year.
Work. Residents work mostly in schools, hospitals and social care, with shops, manufacturing, and restaurants and hotels also employing many. Across Cumberland County, some of the largest workplaces are Cumberland CUSD 77, the Sheridan nursing homes and Brighton Cabinetry. Fewer adults hold a four-year degree than in many places, commutes are fairly short, and some people work from home.
Things to do. Lincoln Log Cabin State Historic Site, a protected area, is a short drive away and is the closest of the nearby outdoor places. A longer drive brings you to Fox Ridge State Park, another protected area, and to Lake Mattoon, a reservoir. These make for easy days out for walking, fishing or simply sitting by the water.
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- 491households
- 17%of adults have a degree
- 18%below the poverty line
- 20 mintypical commute
- 11%work from home
What people in Cumberland County work in
Employed residents by industry, from the Census survey. Cumberland County had 2,889 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 35° and lows near 20°; warmest in July, with highs near 86° and lows near 66°. About 36 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mattoon Coles County Airport weather station, 14 miles away (NOAA).
Largest workplaces in Cumberland County
- Cumberland CUSD 77School district105FTE
- SheridanNursing homes94
- Brighton Cabinetry OSHACabinets, kitchen, stock or custom wood, manufacturing83
- Neoga CUSD 3School district82FTE
- Beck's NeogaCorn farming, field and seed production25
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 202 people in all across the county; Toledo has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- DroughtRelatively high
- Strong windRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively high
- Cold wavesRelatively high
- EarthquakesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Toledo’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cumberland County and the Charleston-Mattoon, IL metro.
Toledo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Toledo$167,886
- Illinois$295,943
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Toledo6
Zip codes with a Toledo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Toledo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.