Real Estate Investing in Toledo, Ohio (43609)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43609 (Toledo, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 13.4% of homes vacant — above national norms.
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
What’s happening in Toledo, OH (43609)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43609 Toledo
ZIP 43609 offers what many appreciation markets cannot: an affordable basis at $71K and rent support of $1,086/mo for rehab-driven equity creation in Lucas County.
In 43609, the deal is made on the buy and on the capex. impressive entry prices of $71K leave room in the budget for light-to-medium renovation, with rent lift to match.
Across Toledo, pockets like 43609 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
Demographically, 43609 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
ZIP 43609 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 43609
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $59,863 | $1,100 | 13.2% | +9.4% | $29,931 |
| 3BR | $73,830 | $1,410 | 13.8% | +9.2% | $24,610 |
| 4BR | $66,617 | $1,490 | 16.1% | +6.4% | $16,654 |
| 5BR | $62,645 | — | — | +7.1% | $12,529 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43609 Compare?
| Metric | 43609 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $71,291 | $114,691 | N/A | $237,530 |
| 5-Year CAGR | 5.3% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,086 | $1,123 | N/A | - |
| Cap Rate | 11.9% | 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 43609 (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 | $71,291 |
| Monthly Rent | $1,086 |
| Price-to-Rent | 5.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 18.3% |
| Cap Rate | 11.9% |
| 5-Year IRR | 17.1% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +10.5% ▲ |
🏠 Rent Trends
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (11.9%) 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 43609
Population: 20,495
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 43609
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Toledo Public Schools Virtual Academy
Jones Leadership Academy of Business
Keyser Elementary School
Jesup W. Scott High School
Summit Academy - Toledo
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 Toledo, OH make sense for an investment property?
Yes - Toledo, OH a 5.0/5 investability score. With $71K home prices against $1,086/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does a duplex house hack pencil in Toledo, OH?
House hacking works an attractive in Toledo, OH. Rents of $1,086/mo against $71K acquisition make the strategy solid for owner-occupants.
What is the typical home price in Toledo, OH?
The median home value in Toledo, OH is roughly $71K. That puts it reasonable relative to the OH statewide average.
Is it possible to hit the 1% rule in Toledo, OH?
Toledo, OH delivers a 1.52% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
What is the best play in Toledo, OH?
Investors who focus on value-add and BRRRR deals typically do well in Toledo, OH. The numbers - $71K homes against $1,086/mo rents - support that play.
You know 43609 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43609 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 43609 ranks in Toledo, OH
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