Real Estate Investing in Toledo, Ohio (43617)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43617 (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.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Toledo, OH (43617)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43617 Toledo
Investors eyeing 43617 need to respect the fundamentals at play. Home values of $334K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43617 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Toledo have seen price recovery that 43617 has not matched. Lucas County data supports the view that the spread is structural rather than temporary.
Who lives in 43617 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 43617 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43617
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $215,151 | $1,220 | 4.1% | +6.8% | $107,576 |
| 3BR | $274,348 | $1,570 | 4.1% | +6.8% | $91,449 |
| 4BR | $373,498 | $1,650 | 3.2% | +6.6% | $93,374 |
| 5BR | $472,560 | — | — | +6.6% | $94,512 |
Market Trends
Home Value History (with trend line)
📊 How Does 43617 Compare?
| Metric | 43617 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $333,946 | $114,691 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,098 | $1,123 | N/A | - |
| Cap Rate | 2.6% | 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 43617 (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 | $333,946 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 43617
Population: 8,586
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 43617
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Springfield Middle School
Crissey Elementary School
Springfield Digital Academy (SDA)
Springfield High School
Highland 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 1,464 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Toledo, OH?
A careful cash-flow rentals with hands-on management strategy Toledo, OH best. The market produces even-keeled results for that approach at the $334K price point.
Is Toledo, OH good for landlords?
For rental operators, Toledo, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are renters plentiful in Toledo, OH?
Toledo, OH draws a steady base of working renters. Demand at the $1,098/mo rent level is reasonable for standard single-family and small multi rentals.
Do rentals sit vacant long in Toledo, OH?
Expect elevated vacancy in Toledo, OH. Rents at $1,098/mo are absorbed by the tenant base without meaningful lag.
Does house hacking make sense in Toledo, OH?
House hacking in Toledo, OH is reasonable to execute. Prices around $334K and rents of $1,098/mo solid owner-occupant economics.
You know 43617 now. You don’t know where it ranks.
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How 43617 ranks in Toledo, OH
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