Real Estate Investing in Toledo, Ohio (43606)
Should you buy in 43606 (Toledo, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.3% of homes vacant — above national norms.
What’s happening in Toledo, OH (43606)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43606 Toledo
ZIP 43606 inside Lucas County looks affordable on the surface — median value of $199K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 43606 can be a a strong candidate for hunting ground — but the discount at $199K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 43606 trails on several market indicators that neighboring Lucas County submarkets outperform. The gap is real and significant enough to shape underwriting.
Employment concentration in 43606 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 43606 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43606
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $129,754 | $1,070 | 5.9% | +9.3% | $64,877 |
| 3BR | $178,493 | $1,370 | 5.5% | +8.4% | $59,498 |
| 4BR | $276,858 | $1,450 | 3.8% | +7.6% | $69,214 |
| 5BR | $389,806 | — | — | +7.6% | $77,961 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43606 Compare?
| Metric | 43606 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $198,653 | $115,743 | N/A | $237,530 |
| 5-Year CAGR | 7.2% | 6.5% | N/A | 7.4% |
| Avg Rent | $1,162 | $1,126 | N/A | - |
| Cap Rate | 4.6% | 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 43606 (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 | $198,653 |
| Monthly Rent | $1,162 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43606
Population: 24,630
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 43606
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DeVeaux Elementary School
Elmhurst Elementary School
Toledo Technology Academy High School
Glenwood Elementary School
Keyser Elementary School
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 1,495 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Toledo, OH?
Rents in Toledo, OH run near $1,162/mo. Compared with median home prices of $199K that produces solid gross yields for typical rentals.
What is the typical renter like in Toledo, OH?
Tenant demand in Toledo, OH is solid. The local workforce $1,162/mo rents across most rental classes.
What kind of vacancy should I budget for in Toledo, OH?
Expect elevated vacancy in Toledo, OH. Rents at $1,162/mo are absorbed by the tenant base without meaningful lag.
Is Toledo, OH good for house hacking?
Toledo, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,162/mo rent level.
Does Toledo, OH make sense for an investment property?
Yes - Toledo, OH a 3.0/5 investability score. With $199K home prices against $1,162/mo monthly rent, the market delivers a reasonable entry point for new investors.
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