What's a good cap rate in Toledo?

In Toledo, cap rates typically run around 8.5% (Ohio state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Toledo deal lands versus this benchmark.

What's the average rent for a rental in Toledo?

A typical rental in Toledo runs about $1,076–$1,380/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Ohio?

Ohio's effective property tax rate is about 1.59% of value per year — the figure TrueCap applies by default for Toledo deals. You can override it with the exact local rate.

Toledo, OH

Toledo rental property analysis

Toledo has some of the lowest entry prices of any metro in the country — a pure-yield market where neighborhood and tenant selection make the deal.

Toledo market snapshot

Cash-flow market

Higher typical cap rates — built for monthly cash flow more than price growth.

Typical cap rate

8.5%

Ohio state median

Typical rent

$1,076–$1,380/mo

HUD FMR · 2–3BR · 2026

Typical price

$110,000–$190,000

est., all-in

Property tax

1.59%

Ohio effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Toledo a good place to buy rentals?

Cash-on-cash can be exceptional, but averages hide wide block-level spreads. Screen carefully, reserve for older-home capex, and verify the rent.

See the full Ohioinvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Toledo

West Toledo

Stable, desirable, steadier tenants.

Old Orchard

Owner-occupant feel, low vacancy.

South Toledo

Cash flow, value-add, more management.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Toledo deal in 60 seconds

Paste a Toledo address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Ohio tax and HUD rent so you start from the right assumptions.

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