Metropolitan Area

Toledo, OH

Ohio0
72
/100
Buy
#164 of 894 metros
Top 18% nationally for investing

Market Snapshot

$203,726
Median Home Price
20% below national median
$1,302/mo
Median Rent
6% below national median
7.67%
Rent-to-Price Ratio
Top 14% nationally
-$222
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Stored observations from 2016-07-31 to 2026-06-29. Source: Zillow ZHVI/ZORI. Missing rents are shown as gaps.

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$203,726
Down Payment (20%)$40,745
Loan Amount$162,981
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,302
Monthly P&I-$1,068
Est. Expenses (35%)-$456
Net Cash Flow-$222/mo
5.0%
Cap Rate (all cash)
-5.7%
Cash-on-Cash Return
7.67%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.0% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Score Breakdown

Overall Investment Score
72/100
72
Cash Flow(30%)
77/100

Based on 7.67% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
77/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
86/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.67%)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$222/mo)
  • -Negative leverage (cap rate 5.0% < mortgage rate 6.9%)

Counties in Toledo, OH

County data is being compiled for this metro area.

Section 8 in Toledo, OH: payment standards by ZIP, PHA waitlist status, and voucher counts are on VoucherMatch, the same HUD dataset with the tenant demand side attached.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Current
Toledo, OH
72$203,726$1,3027.67%Buy

The Bottom Line

BuyToledo, OH offers solid investment potential with good cash flow or appreciation prospects.

The Toledo, OH metro area scores 72/100, ranking #164 of 894 US metros (top 18%). The 7.67% rent-to-price ratio falls below the 1% monthly rent rule (12% annually). Check operating costs and financing before making an offer.

Monthly Cash Flow
$-222/mo
Cap Rate
5.0%
Cash-on-Cash
-6.5%

Ready to Invest in Toledo, OH?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.