Springfield vs Toledo
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Toledo has an edge
Toledo edges ahead based on overall market conditions.
Median Home Price
$193,527.09
Median RentBETTER
$1,083.81/mo
Price-to-Rent Ratio
14.9
Property Tax RateTIE
1.56%
Price Change (1Y)
+5.1%
Price Change (5Y)
+25.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$41,215
Median Home PriceBETTER
$169,369.71
Median Rent
$1,104.81/mo
Price-to-Rent RatioBETTER
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 DifferenceBETTER
$5,650
Key Differences
Home Prices
Springfield's median home price of $193,527.09 is higher than Toledo's $169,369.71 by 14%.
Monthly Rent
Renting in Springfield costs $1,083.81/mo compared to $1,104.81/mo in Toledo—a difference of $21/mo.
Buy vs Rent Verdict
Springfield favors renting, while Toledo favors 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.