Lakewood 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.
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%
Price Change (5Y)
+25.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$4,858
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%
Price Change (5Y)BETTER
+26.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$5,650
Key Differences
Home Prices
Lakewood's median home price of $211,435.71 is higher than Toledo's $169,369.71 by 25%.
Monthly Rent
Renting in Lakewood 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.