A vibrant arts and cultural scene, world class universities and cutting edge businesses all converge to make the area a great place to invest.Toledo’s proximity to Lake Erie and being a major port has resulted in large numbers of investors from the world over buying, selling and investing in both residential and commercial property in Toledo.Toledo, is home to the largest landmass port along the Great Lakes and has modernized its equipment to handle cargo more efficiently than any other facility in the Midwest. Situated at the crossroads of the three busiest U.S. interstates in the United States—I-75 (north and south) and I-80 (east and west) and I-90 (east and west)—the region is located within 600 miles of 60% of the North American population.
The Rental Market
Toledo Ohio has started to come under the radar as an investment hotspot due to the quality and availability of Section 8 homes on the market.Toledo as a city also has a very large demand for Section 8 homes and was recently voted the 2nd most affordable housing market in the US. Another unique fact about Toledo is the availability of new build properties that fall under the Section 8 program.
The population density in Toledo is 1158% higher than Ohio.With a population of over 650,000 in the Metropolitan Statistical Area (Fulton, Lucas and Wood counties), the city of Toledo population is 287,208 (2010 census) in total there is a population of over one million within the 17-county Northwest Ohio region.
Growth and Returns
Over the last three years, the Toledo housing market has seen impressive appreciation rates. In fact, over that same period, the Toledo housing market has outpaced appreciation on a national level. Where as the average rate of appreciation across the country was 28%, Toledo saw home values increase by as much as 33.3 percent.The Toledo housing market has one major factor working in its favour affordability. In fact, the National Association of Realtors (NAR) has recognised Toledo as the third most affordable market in the country.The Toledo housing market was the beneficiary of a 5% increase in median home prices last year.
Management and Aftercare
In Toledo we work with one, reliable and consistent partner who is local to the area and has been a hands-on expert in the local market for over twenty years. Our partner is one of the leading Toledo management companies who will collect and deposit your rent, maintain and repair the property, assess and interview tenants and keep you updated on a regular basis.