Real Estate Investing in Toledo, Ohio (43615)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43615 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Toledo, OH (43615)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43615 Toledo
The 43615 ZIP covers a section of Toledo that demands careful diligence. Prices near $184K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $184K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43615 is substantial and deserves full respect.
Nearby ZIPs in Toledo have seen price recovery that 43615 has not matched. Lucas County data supports the view that the spread is structural rather than temporary.
A notable renter share of 44% in 43615 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43615
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $81,572 | $910 | 8.0% | +8.9% | $81,572 |
| 2BR | $148,447 | $1,190 | 5.8% | +8.0% | $74,224 |
| 3BR | $177,536 | $1,530 | 6.2% | +6.7% | $59,179 |
| 4BR | $242,807 | $1,610 | 4.8% | +7.0% | $60,702 |
| 5BR | $524,642 | — | — | +7.9% | $104,928 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43615 Compare?
| Metric | 43615 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $183,529 | $114,691 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,281 | $1,123 | N/A | - |
| Cap Rate | 5.4% | 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 43615 (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 | $183,529 |
| Monthly Rent | $1,281 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +2.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). 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 43615
Population: 40,813
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 43615
Schools in This ZIP Code
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 1,464 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?
With a 3.0/5 investability score, Toledo, OH ranks as a solid market for rental property investors. Median prices of $184K and rents of $1,281/mo drive the underlying numbers.
What do landlords charge for rent in Toledo, OH?
Rent in Toledo, OH is around $1,281/mo. The resulting rent-to-value relationship with $184K pricing is reasonable for most investor models.
What are home prices like in Toledo, OH?
Median home price in Toledo, OH is near $184K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is Toledo, OH good for landlords?
For rental operators, Toledo, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which investment style suits Toledo, OH?
A careful cash-flow rentals with hands-on management strategy Toledo, OH best. The market produces steady results for that approach at the $184K price point.
You know 43615 now. You don’t know where it ranks.
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How 43615 ranks in Toledo, OH
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