Rent to own Homes in Toledo, OH
Toledo is a medium sized city in the north-west of Ohio, and it sits at the edge of Lake Erie on the Maumee River. The city is known for its varied architecture and thriving port, which handles ore, coal, general cargo, ship repairs, and more. Originally settled in one of the most inhospitable areas of the Midwest, today the city has a large university, historic buildings, a daily newspaper, a world class zoo, and some fantastic dining options.
Toledo, OH is a great place for affordable rent-to-own homes! With a median household income of over $39,155 and a median rent of $737, the Toledo, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Toledo, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Toledo, OH Property Resources
Rent to own Homes in Cities Near Toledo, OH
- Ai
- Berkey
- Blissfield
- Bowling Green
- Britton
- Clay Center
- Curtice
- Deerfield
- Delta
- Dundee
- Erie
- Genoa
- Grand Rapids
- Harbor View
- Haskins
- Holland
- Ida
- Lambertville
- La Salle
- Luckey
- Luna Pier
- Martin
- Maumee
- Maybee
- Metamora
- Millbury
- Monroe
- Neapolis
- Northwood
- Oregon
- Ottawa Hills
- Ottawa Lake
- Palmyra
- Pemberville
- Perrysburg
- Petersburg
- Riga
- Rossford
- South Monroe
- Stony Ridge
- Swanton
- Sylvania
- Temperance
- Toledo
- Tontogany
- Walbridge
- Waterville
- West Monroe
- Whitehouse
- Williston
Neighborhoods in Toledo, OH
Beverly rent to own homes Birmingham rent to own homes Center City rent to own homes DeVeaux rent to own homes East Toledo rent to own homes Five Points rent to own homes Franklin Park rent to own homes Glendale-Heatherdowns rent to own homes Lagrange rent to own homes North Towne rent to own homesBuying a Home in Toledo, OH
Toledo, OH is seeing rapid growth and Toledo, OH's' housing market remains optimal with an average home price that is -62% below the 2024 national average. Toledo, OH is part of Lucas county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lucas is 1.65% which is above the national average, which is 0.99%.
Median Home Price in Toledo, OH
Median Rent in Toledo, OH
Top Reasons to Live in Toledo OH
Housing Statistics Today there are about 290,000 people living in the city, with a relatively low average household income of just over $31,000. Average values for the different homes in the city vary: detached houses are at about $110,000, other attached units and townhouses average $153,000, and 2 unit to 5 unit structures vary from just $89,000 to $133,000. Overall, average listing prices for all properties are at about $93,000, with median sales prices of only $58,000. As you can tell, these values are below average for the US, however they are in line with the lower income rates in the city and state when compared to others. There is a good variety of housing options here -- from rental homes to homes for sale.
School Systems The public schools in Toledo are run and operated by Toledo Public Schools, while the city is also home to a number of charter schools and 2 imagine schools. There are also a few parochial and private schools, both primary and secondary, within the city. Roman Catholic schools are run by the Roman Catholic Diocese of Toledo, while the main private high schools include Central Catholic High School, Maumee Valley Country Day School, Notre Dame Academy, St. Francis de Sales High School, and St. Ursula Academy, among many others. In Metro Toledo, there are also a number of higher education facilities and schools, including the University of Toledo, David College, and Bowling Green State University.
Outdoor Activities Toledo is home to a wide range of outdoor activites, many of which are ideal for kids and the whole family. To start off with, Toledo Zoo is a world class attraction, with all sorts of events and things to enjoy each season. Fossil Park in Sylvania is another great attraction, especially for kids interested in paleontology. Spend as long as you wish hunting for fossils, all for free, and keep anything you find. For a spot of relaxation amid a tranquil and beautiful environment, check out Toledo Botanical Gardens, while for something a little more active, head off into Maumee Bay State Park for some hiking, biking, swimming, golfing, and a range of other activities. If you really enjoy it, you can even stay there in one of their many log cabins or camping grounds. Just beyond the boundaries of the city you can also enjoy one of several waterparks, such as Splash Bay and Kalahari Resorts. And, aside from the zoo, if you're really into your wildlife you can take a trip to the African Safari and Wildlife Park, with a great drive through safari park that allows you to get really up close with a range of exotic African animals. The list goes on and on, and throughout the year you'll find that Toledo throws up some interesting outdoor activities for the whole family.
Neighborhood Guide There are many neighborhoods in Toledo that have some historic interest, and the city is full of interesting features and architecture. In total, there are just under 30 neighborhoods of varying size in the city. If you are looking for a rent to own, rental property, or outright home for sale for your family, you'll find that many of the neighborhoods have a good sense of community.