Alternatives · Toledo

Cities Like Toledo for Investors

Toledo is a low-cost, high-yield cash-flow balanced market. Below: the 8 markets in our coverage with the closest fundamentals, ranked by similarity score.

GEOGRAPHIC SPREAD: 5 OTHER STATES (AL, SC, GA, CT, IN)

Toledo baseline

What these alternatives are matched against.

Median home value$130,101
YoY appreciation+5.1%
Gross rent yield10.35%
Median days on market9.833333333333334
Market typeBalanced
Investor score74/100
Similar markets

Ranked by fundamentals similarity.

  1. 01
    Akron, OH
    akron-oh · SIMILARITY 94/100
    MEDIAN
    $141k
    YoY +2.5% Yield 9.70% DOM 10.333333333333334 Type Balanced Score 71/100
    WHY: same price tier · similar rent yield · similar market pace
  2. 02
    Dayton, OH
    dayton-oh · SIMILARITY 94/100
    MEDIAN
    $139k
    YoY +1.3% Yield 10.36% DOM 13.333333333333334 Type Balanced Score 77/100
    WHY: same price tier · similar rent yield · similar market pace
  3. 03
    Cleveland, OH
    cleveland-oh · SIMILARITY 90/100
    MEDIAN
    $118k
    YoY -2.1% Yield 14.53% DOM 14 Type Balanced Score 78/100
    WHY: same price tier · similar rent yield · similar market pace
  4. 04
    Birmingham, AL
    birmingham-al · SIMILARITY 88/100
    MEDIAN
    $137k
    YoY -2.1% Yield 11.39% DOM 22.833333333333332 Type Buyer Score 83/100
    WHY: same price tier · similar rent yield · similar market pace
  5. 05
    Columbia, SC
    columbia-sc · SIMILARITY 88/100
    MEDIAN
    $230k
    YoY +1.4% Yield 7.61% DOM 20 Type Balanced Score 72/100
    WHY: similar rent yield · similar market pace · both balanced markets
  6. 06
    Columbus, GA
    columbus-ga · SIMILARITY 88/100
    MEDIAN
    $175k
    YoY +1.5% Yield 8.40% DOM 18.5 Type Balanced Score 69/100
    WHY: similar rent yield · similar market pace · both balanced markets
  7. 07
    Hartford, CT
    hartford-ct · SIMILARITY 88/100
    MEDIAN
    $199k
    YoY +4.6% Yield 9.61% DOM 12 Type Balanced Score 65/100
    WHY: similar rent yield · similar market pace · both balanced markets
  8. 08
    Indianapolis, IN
    indianapolis-in · SIMILARITY 88/100
    MEDIAN
    $232k
    YoY +0.2% Yield 7.14% DOM 20.666666666666668 Type Balanced Score 77/100
    WHY: similar rent yield · similar market pace · both balanced markets
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FAQ

Frequently asked.

What makes a city "similar" to Toledo for investors?

Similarity is scored on four fundamentals: price tier (typical home value bucket), rent yield (gross rent-to-price ratio), market pace (median days on market), and market type (buyer/seller/balanced). Same-state cities get a small penalty so the list surfaces geographic alternatives, not just neighbors.

Why would an investor look at similar cities instead of Toledo?

Three common reasons: (1) Toledo prices have moved past your acquisition budget and you need similar fundamentals at a lower price tier; (2) you're already deep in Toledo and want to diversify into a different state without changing your underwriting playbook; (3) you suspect Toledo is overheated and want comparable markets earlier in their cycle.

Are these alternatives ranked by overall investment quality?

No — they're ranked by similarity to Toledo, not by absolute investor score. A market scoring 85/100 for similarity is "very similar to Toledo" but might still be a worse or better deal in absolute terms. Click into each city's full report for the investor-score view.

What's the difference between this page and a head-to-head comparison?

Head-to-head (/compare/[a-vs-b]) is a deep one-on-one breakdown across all metrics. This alternatives page is a discovery layer — surfacing 8 markets with the closest fundamentals so you can identify candidates to deep-dive on next.

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