Real Estate Investing in Toledo, Ohio (43608)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43608 (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: 19.8% of homes vacant — above national norms.
- Elevated poverty: 44.9% poverty rate — can affect rent collection.
- Lower household income: $27,442 median — tenant affordability is tighter.
What’s happening in Toledo, OH (43608)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43608 Toledo
The 43608 ZIP in Toledo is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $49K are approachable, and upside sits in the rehab line.
Value-add is the defining thesis in 43608. Homes trade near $49K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
Across OH, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 43608 reports both traits clearly.
From an investor standpoint, incomes in 43608 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
ZIP 43608 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43608
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $39,954 | $970 | 17.5% | +8.1% | $19,977 |
| 3BR | $48,813 | $1,250 | 18.4% | +6.1% | $16,271 |
| 4BR | $54,643 | $1,310 | 17.3% | +6.9% | $13,661 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43608 Compare?
| Metric | 43608 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $49,372 | $114,691 | N/A | $237,530 |
| 5-Year CAGR | 3.6% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,029 | $1,123 | N/A | - |
| Cap Rate | 16.3% | 8.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43608 (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 | $49,372 |
| Monthly Rent | $1,029 |
| Price-to-Rent | 4.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 25.0% |
| Cap Rate | 16.3% |
| 5-Year IRR | 19.8% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (16.3%) 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 43608
Population: 14,158
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 43608
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Toledo Public Schools Virtual Academy
Birmingham Elementary School
East Broadway Elementary School
Larchmont Elementary School
Navarre 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 4,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does a duplex house hack pencil in Toledo, OH?
The an attractive house-hack environment in Toledo, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Toledo, OH a good place for real estate investing?
Toledo, OH stands at an investability rating of 5.0/5, with median home values near $49K and average rents around $1,029/mo. That combination puts it in the impressive tier for investor interest.
Is Toledo, OH a 1% rule market?
Hitting the 1% rule in Toledo, OH is realistic given the 2.08% average rent-to-price. Most value-add properties push well above that line.
How strong are rents in Toledo, OH?
Investors in Toledo, OH typically see rents near $1,029/mo per month against $49K home values - a solid setup for rental cash flow.
Are homes affordable in Toledo, OH?
Toledo, OH home values average about $49K. That price point suits investors targeting rentals with $1,029/mo in monthly income.
You know 43608 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43608 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 43608 ranks in Toledo, OH
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