Real Estate Investing in Toledo, Ohio (43604)
Should you buy in 43604 (Toledo, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.0% of homes vacant — above national norms.
- Elevated poverty: 53.3% poverty rate — can affect rent collection.
- Higher unemployment: 8.8% unemployment — tenant risk signal.
- Lower household income: $16,651 median — tenant affordability is tighter.
What’s happening in Toledo, OH (43604)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43604 Toledo
Within Lucas County, the 43604 ZIP records a lower entry point around $69K. On balance, operators who can improve stock here typically see outsized uplift.
The a strong candidate for angle here is forced equity, not market equity. ZIP 43604 rewards investors who can execute on scope, timeline, and tenant turnover.
The a strong candidate for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 43604 has not.
The resident base in 43604 runs younger and more tenure-renter than county averages. 83% of 9,708 households lease, which is the demand source for post-rehab rent lifts.
The strategy in 43604 is forced equity, not market equity. Put differently, entry prices are accommodating at $69K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43604
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $92,544 | $970 | 7.5% | +6.3% | $46,272 |
| 3BR | $52,503 | $1,250 | 17.1% | +5.1% | $17,501 |
| 4BR | $63,155 | $1,310 | 14.9% | +4.7% | $15,789 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43604 Compare?
| Metric | 43604 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $69,106 | $115,743 | N/A | $237,530 |
| 5-Year CAGR | 4.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $1,467 | $1,126 | N/A | - |
| Cap Rate | 16.6% | 8.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43604 (Toledo, OH). Anonymous, moderated, never written by AI.
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Property managers serving Lucas County
Manage rentals here? List your business →Flex Realty Property Management has been providing high quality and personal property management services in Toledo, Ohio since 1991. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $69,106 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 3.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 25.5% |
| Cap Rate | 16.6% |
| 5-Year IRR | 21.1% |
📈 Home Appreciation
| 1-Year | +17.8% ▲ |
| 3-Year CAGR | +12.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (16.6%) exceeds the current 30-yr mortgage rate (6.5%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43604
Population: 9,708
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43604
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Toledo, OH?
Investors tracking Toledo, OH will find a 5.0/5 rating supported by $69K median home values and $1,467/mo rents. That profile suits long-term holders targeting even-keeled returns.
Is BRRRR a fit for Toledo, OH?
BRRRR viability in Toledo, OH is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
What strategy should investors use in Toledo, OH?
Investors who focus on value-add and BRRRR deals typically do well in Toledo, OH. The numbers - $69K homes against $1,467/mo rents - support that play.
How much should I expect to pay for a home in Toledo, OH?
Homes in Toledo, OH typically sell near $69K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Can owner-occupants cash flow in Toledo, OH?
House hacking works an attractive in Toledo, OH. Rents of $1,467/mo against $69K acquisition make the strategy solid for owner-occupants.
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