City Analysis/Comparison

Cleveland vs Toledo

Side-by-side rent vs buy analysis comparing these two markets

Overall Comparison

Both cities are evenly matched

Both cities offer similar value for rent vs buy decisions.

Cleveland, OH
TOSS-UP

11% confidence

Median Home Price

$211,435.71

Median Rent

$1,378.83/mo

Price-to-Rent RatioTIE

12.8

Property Tax RateTIE

1.56%

Price Change (1Y)

+5.1%

Break-Even YearsTIE

N/A

10-Year Wealth DifferenceBETTER

−$4,858

View Cleveland Details
Toledo, OH
TOSS-UP

10% confidence

Median Home PriceBETTER

$169,369.71

Median RentBETTER

$1,104.81/mo

Price-to-Rent RatioTIE

12.8

Property Tax RateTIE

1.56%

Price Change (1Y)BETTER

+5.4%

Break-Even YearsTIE

N/A

10-Year Wealth Difference

−$5,650

View Toledo Details

Key Differences

Home Prices

Cleveland's median home price of $211,435.71 is higher than Toledo's $169,369.71 by 25%.

Monthly Rent

Renting in Cleveland costs $1,378.83/mo compared to $1,104.81/mo in Toledo—a difference of $274.02/mo.

Buy vs Rent Verdict

Both cities currently favor either option.

Break-Even Timeline

Break-even analysis varies based on market conditions in each city.

Run Your Own Numbers

This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.

Calculate for ClevelandCalculate for Toledo

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