Market Analysis
Toledo Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$152,500
Average Monthly Rent
$1,140
Estimated Cap Rate
9.0%
Rent-to-Price Ratio
0.8%
Below 1% Rule
Rent ÷ price by zip code
1 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 43604 | $83,000 | $1,145 | 1.38% |
| 43612 | $120,000 | $962 | 0.80% |
| 43615 | $185,000 | $1,219 | 0.66% |
| 43606 | $214,900 | $1,235 | 0.57% |
Context · FRED home price index
Market Trends
Toledo metro area — % change since 2018
Home Prices
+77.4%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Condo | $760/mo |
| Multi-Family | $832/mo |
| Townhouse | $893/mo |
| Apartment | $1,082/mo |
| Single Family | $1,349/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$152,500
Down Payment (20%)$30,500
Monthly P&I$795
Monthly Rent$1,140
Est. NOI$8,208/yr
Est. Cash Flow-$111/mo
Cash on Cash-4.0%
The Toledo market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Toledo
- 1Strong cap rates above 7% — excellent cash flow potential
- 21% Rule fails at median prices — need rent of $1,525/mo to pass
- 3Below-average rents keep entry costs low for new investors
- 4Affordable market — lower barrier to entry for first-time investors
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