Real Estate Investing in Toledo, Ohio (43605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43605 (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: 32.0% poverty rate — can affect rent collection.
- Higher unemployment: 9.4% unemployment — tenant risk signal.
- Lower household income: $34,221 median — tenant affordability is tighter.
What’s happening in Toledo, OH (43605)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43605 Toledo
In Toledo's 43605 ZIP, the arithmetic favors hands-on owners. Median home values registers $66K, leaving spread for capex-heavy BRRRR or reposition strategies.
Investors in 43605 do not buy the market average — they buy the unit they can improve. $66K median pricing and $1,212/mo comps define the envelope within which the work has to pay.
The worth a close look for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 43605 has not.
In practical terms, incomes in 43605 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
Flippers with local expertise can do well in 43605. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $55,875 | $1,080 | 13.9% | +9.8% | $27,937 |
| 3BR | $65,248 | $1,390 | 15.3% | +8.0% | $21,749 |
| 4BR | $67,144 | $1,460 | 15.7% | +6.9% | $16,786 |
| 5BR | $68,245 | — | — | +10.2% | $13,649 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43605 Compare?
| Metric | 43605 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $66,035 | $114,691 | N/A | $237,530 |
| 5-Year CAGR | 3.9% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,212 | $1,123 | N/A | - |
| Cap Rate | 14.3% | 8.7% | - | - |
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 43605 (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 | $66,035 |
| Monthly Rent | $1,212 |
| Price-to-Rent | 4.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 22.0% |
| Cap Rate | 14.3% |
| 5-Year IRR | 18.2% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | +32.3% ▲ |
| 3-Year CAGR | +12.9% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (14.3%) exceeds the current 30-yr mortgage rate (6.8%). 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 43605
Population: 24,432
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 43605
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Sherman Elementary School
Toledo Public Schools Virtual Academy
Woodward High School
Jones Leadership Academy of Business
Jesup W. Scott High 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 4,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Toledo, OH better for rentals, flips, or BRRRR?
Toledo, OH investors pursuing value-add and BRRRR deals. The underlying economics ($66K prices, $1,212/mo rents) make it a reasonable choice.
Is Toledo, OH a viable BRRRR market?
BRRRR viability in Toledo, OH is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
What do rentals go for in Toledo, OH?
Average rent in Toledo, OH is approximately $1,212/mo per month. Against $66K home values that yields a reasonable rent-to-price ratio.
How expensive is real estate in Toledo, OH?
The median home value in Toledo, OH is roughly $66K. That puts it reasonable relative to the OH statewide average.
Can I live-in-and-rent in Toledo, OH?
The house hack math an attractive in Toledo, OH. Owner-occupant buyers benefit from the $1,212/mo rents and $66K home values.
You know 43605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43605 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 43605 ranks in Toledo, OH
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