Cap Rate in Toledo, OH

2026 Market Overview for Real Estate Investors

Avg Cap Rate

9.0%

#4 of 50 markets

Median Home Price

$88,000

Purchase price

Median Monthly Rent

$850

$10,200/yr gross

Rent-to-Price Ratio

0.97%

Strong (1% rule range)

Cap Rate Rating

Very Good

Above average. Make sure the higher return is not masking higher risk or deferred maintenance.

Market Snapshot

Population	268,508
5-Year Population Growth	-3.2%
Median Household Income	$36,500
Vacancy Rate	10.8%
Property Tax Rate	2.05%($1,804/yr)

Investor Takeaway

Toledo offers very low entry prices with solid cap rates, but population decline requires careful tenant screening. Best suited for experienced investors comfortable with property management.

Quick Math

Estimated annual numbers for a median-priced property in Toledo, OH before financing:

Annual Gross Rent$10,200

Less Vacancy (10.8%)($1,102)

Less Property Tax (2.05%)($1,804)

Less Est. Insurance + Maintenance($1,760)

Estimated NOI$5,534

Implied Cap Rate6.3%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.