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Toledo, OH Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,065
Monthly Cash Flow
$109
Principal + Equity
$947
Annual Total Gain
$12,668
Cash on Cash
4.09%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$136
Occupancy Rate
56.67%
Monthly Revenue
$1,466
Monthly Cash Flow
$290
Principal + Equity
$947
Annual Total Gain
$14,840
Cash on Cash %
10.88%
Net ROI %
Market Health & Growth
Median Income
$47,532
Population
268,461
LTR Renter %
47.26%
Forecast (1 yr)
2.04%
Appreciation (1 yr)
4.58%
Appreciation (5 yr)
50.36%
Appreciation (10 yr)
115.24%
Job Growth
-0.98%
LTR Rentability
Low
STR Demand
45
STR Rentals
458
Top Public Schools
A-Toledo Early College High School
A-Toledo Pre - Medical and Health Science Academy
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#130out of 229 markets
Best Cities for Young Professionals in America
#144out of 229 markets
Cities with the Lowest Cost of Living in America
#6out of 229 markets
C
Public School
D
Crime And Safety
C
Housing
A-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Toledo, OH.
In Toledo, OH, Short Term Rentals (STRs) are regulated by the city's zoning code. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Toledo has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing Requirements: STR operators in Toledo are required to obtain a license from the city in order to legally operate. This license must be renewed annually and there are fees associated with the application process.
3. Occupancy Limits: Toledo has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Safety Regulations: Toledo has safety regulations in place for STRs, including requirements for smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure that their property meets these safety standards before renting it out.
5. Taxation: Investors should be aware of the tax implications of operating an STR in Toledo. They may be required to collect and remit occupancy taxes, sales taxes, and other local taxes on rental income.
6. Noise and Nuisance Regulations: Toledo has regulations in place to address noise and nuisance complaints related to STRs. Investors should be mindful of these regulations and take steps to ensure that their guests are respectful of their neighbors.
Overall, investors considering purchasing a property for Short Term Rental purposes in Toledo, OH should thoroughly research and understand the city's regulations and requirements to ensure compliance and a successful investment.
Market Trends Over Time
Explore 25 years of market data for Toledo, OH, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Toledo, OH.
The LTR Genie Score of Toledo, OH is 70 and STR Genie Score is 65, indicating a moderate to high investment potential in both long-term and short-term rental markets. The LTR Rentability being low may be due to a lower demand for long-term rentals in the area, while the STR Genie Score being slightly lower could be attributed to the lower occupancy rate of 56.67%. However, the high LTR Net ROI of 39.64% and STR Net ROI of 46.43% suggest that investors can still achieve favorable returns in both rental strategies.
Toledo, OH is a city located in northwest Ohio known for its affordable housing market and diverse economy, with industries such as healthcare, manufacturing, and education driving its growth. Real estate investors should take note of the 1-year price appreciation forecast of 2.04%, indicating potential for property value growth in the near future.
Considering the overall metrics and market conditions, Toledo, OH appears to be a promising location for real estate investment, particularly for short-term rentals. Investors may benefit from diversifying their portfolio by exploring opportunities in both long-term and short-term rental markets to maximize their returns in this market.
LTR Genie Score 93
$150,000
🛏 4 Beds🛁 3.0000 Baths🏙 3,284 sqft.🏠 SINGLE FAMILY
