Real Estate Investing in Lucas County, Ohio

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

24 ZIP codes • Population: 420,748

Should you buy in Lucas County, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

Solid choice β€” values are growing steadily and the market is stable enough to buy with confidence.

πŸ“ˆ For Investors
GOOD
3.5 / 5 (64/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.5% vacancy may signal weakening demand.

What’s happening in Lucas County, OH?

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3.5/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $202,550
Avg Monthly Rent $1,222
ZIP Codes 24

Investing in Lucas County Real Estate

Across Lucas County's 24 ZIPs, the picture is muted β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

Lucas is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state capital should be especially careful with carry-in assumptions.

Distressed-leaning demographics in Lucas β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜…β˜† rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Lucas County, 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

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$202,550
Avg Monthly Rent
$1,222
1% Rule
βœ— Below
Landlord Friendly (OH)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Toledo, OH metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
41%
Days Pending
0/2
30 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Lucas County

13 Colleges 20,311 Students 1,495 Off-Campus Renters
C+
University of Toledo
4-Year Public Β· 14,939 students
πŸ“ ~1,464 students rent off-campus
C+
Toledo Public Schools Adult and Continuing Education
2-Year Public Β· 33 students
C
Mercy College of Ohio
4-Year Private Β· 1,150 students
C
Professional Skills Institute
4-Year For-Profit Β· 402 students
C
Athena Career Academy
2-Year For-Profit Β· 395 students
C
Salon Institute-Toledo Campus
2-Year For-Profit Β· 152 students
C
Paul Mitchell the School-Toledo
Vocational For-Profit Β· 169 students
D
Lourdes University
4-Year Private Β· 1,014 students
D
Davis College
4-Year For-Profit Β· 95 students
D
Stautzenberger College-Maumee
2-Year For-Profit Β· 520 students
D
Global Tech College
2-Year For-Profit Β· 63 students
D
Toledo Academy of Beauty Culture-East
Vocational For-Profit Β· 106 students
D
Ross College-Sylvania
2-Year For-Profit Β· 1,273 students

Investor Insight: With 1,495 students living off-campus, Lucas County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Lucas County

ZIP Codes in Lucas County, OH

43615 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 40,813
Avg Home $183,529
Avg Rent $1,281/mo
43560 β˜… β˜… β˜… β˜… β˜…
Sylvania
Population 32,950
Avg Home $328,923
Avg Rent $2,092/mo
43613 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 30,597
Avg Home $162,500
Avg Rent $1,000/mo
43537 β˜… β˜… β˜… β˜… β˜…
Maumee
Population 29,639
Avg Home $285,994
Avg Rent $1,758/mo
43614 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 29,396
Avg Home $207,100
Avg Rent $1,159/mo
43612 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 28,231
Avg Home $120,910
Avg Rent $1,093/mo
43606 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 24,630
Avg Home $197,771
Avg Rent $1,145/mo
43605 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 24,432
Avg Home $66,035
Avg Rent $1,212/mo
43609 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 20,495
Avg Home $71,291
Avg Rent $1,086/mo
43616 β˜… β˜… β˜… β˜… β˜…
Oregon
Population 20,420
Avg Home $234,715
Avg Rent $1,787/mo
43623 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 20,360
Avg Home $211,379
Avg Rent $991/mo
43607 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 19,969
Avg Home $80,819
Avg Rent $1,159/mo
43611 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 18,863
Avg Home $159,186
Avg Rent $1,256/mo
43528 β˜… β˜… β˜… β˜… β˜…
Holland
Population 16,702
Avg Home $297,078
Avg Rent $1,487/mo
43608 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 14,158
Avg Home $49,372
Avg Rent $1,029/mo
43604 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 9,708
Avg Home $64,267
Avg Rent $1,627/mo
43617 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 8,586
Avg Home $333,946
Avg Rent $1,098/mo
43566 β˜… β˜… β˜… β˜… β˜…
Waterville
Population 8,350
Avg Home $346,097
Avg Rent $1,359/mo
43571 β˜… β˜… β˜… β˜… β˜…
Whitehouse
Population 7,166
Avg Home $392,508
Avg Rent $927/mo
43620 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 5,039
Avg Home $94,087
Avg Rent $800/mo
43542 β˜… β˜… β˜… β˜… β˜…
Monclova
Population 4,485
Avg Home $455,317
Avg Rent $1,035/mo
43610 β˜… β˜… β˜… β˜… β˜…
Toledo
Population 4,057
Avg Home $62,253
Avg Rent $909/mo
43504 β˜… β˜… β˜… β˜… β˜…
Berkey
Population 1,086
Avg Home $293,690
Avg Rent $1,053/mo
43547 β˜… β˜… β˜… β˜… β˜…
Neapolis
Population 616
Avg Home $162,433
Avg Rent $981/mo

Screen every market in Lucas County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Lucas County

Is, OH a good place for real estate investing?

With a 3.5/5 investability score, OH ranks as a solid market for rental property investors. Median prices of $203K and rents of $1,222/mo drive the underlying numbers.

What is the average monthly rent in, OH?

Investors in, OH typically see rents near $1,222/mo per month against $203K home values - a solid setup for rental cash flow.

What are vacancy rates like in, OH?

, OH carries elevated vacancy risk. Expect reliable absorption at market rents of $1,222/mo.

Where does, OH sit compared to OH statewide?

within OH reads broadly in line with the state benchmark. Investors comparing markets should weight local data above the statewide aggregate.

Community Ratings

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