Invest in Canton
Why Toledo?
The Toledo real estate market is one of the best places to buy rental property in the U.S.
While home prices in the U.S. housing market are generally high, the median value still soared to $370,000 recently despite the Coronavirus pandemic. if you are looking for an affordable overseas investment, the average price per square foot in the city is $108,000 and $86, respectively, which is way lower than the values you find in most cities in the U.S. However although it is less expensive to buy homes in Toledo it is a strong rental market which is perfect for an overseas investor looking for a buy to let home with a high ROI. Toledo is one of 25 cities in the U.S. where a social security check is able to cover housing costs. This explains why more Toledo residents would ideally want to rent houses.
Toledo is an ideal investment destination not just for its profitability but also as a top emerging market. Factors like wages, small business activity, unemployment rate, and other quality of life metrics make Toledo one of the best places to invest in real estate this year,4 Fortune 500 companies are headquartered in the Toledo area.
The Rental Market
Toledo is an excellent rental market, with nearly half of households renting rather than owning real estate. Toledo is located in northwest Ohio on the shores of Lake Erie, less than an hour’s drive from Detroit. The industries of transportation, manufacturing, and automobile assembly support the economy. Last year, Toledo’s employment increased by 8.43%, and the unemployment rate fell to 3.6%. Toledo is one of 25 cities in the United States where you can quickly pay your rent with a Social Security check. This may be one reason why nearly half of Toledo’s households are renters. According to a recent study, the average rent for a three-bedroom apartment in Toledo is $975 per month. Rents in Toledo are up 9% year-over-year and In the past three years, rents for three-bedroom homes in Toledo have increased by 226%
Demographics
Toledo is a city in Lucas County located at the western tip of Lake Erie and is the fourth-most populous city in the state of Ohio, after Columbus, Cleveland, and Cincinnati. With a population of just over 270,000 it is the principal city of the Toledo metropolitan area. It also serves as a major trade centre for the Midwest; its port is the fifth-busiest in the Great Lakes and 54th-biggest in the United States.
Growth and Returns
Last year, home prices in Toledo increased by 16.3%. Over the past five years, real estate prices in Toledo have increased by more than 72%. The median list price for a single-family home in Toledo is approximately $119,000 With an incredible rental market, Toledo is a great place for first time investors looking for low investment outlay and a high ROI
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 10 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.