Toledo, OH

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Toledo short-term rental market based on reliable data.

Listings

490 / 1012

Reliable / Active

Cap Rate

18%

Middle-Earners Gross Yield

Revenue

$24,511

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$135,415

Median Home Sale Price

Top Earners

$45,593

Top-Earners Revenue

Toledo

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Toledo.

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B

Generally Investor friendly

Toledo Regulations

STRs are explicitly allowed with a low $50 annual permit fee, but require moderate compliance including $1M liability insurance, multi-department approvals, 24/7 local contact, and occupancy restrictions. The burden is manageable with clear processes and no meaningful caps, making compliance feasible for professional investors despite moderate requirements.

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About Toledo

Toledo is the fourth-largest city in Ohio, situated in Lucas County on the western tip of the state where the Maumee River empties into Lake Erie. Home to roughly 270,000 residents, it carries the feel of a hard-working Great Lakes city that has steadily reinvested in its riverfront, its cultural institutions, and its older brick neighborhoods. Long associated with its glass and auto-parts manufacturing heritage, Toledo today functions as a regional hub for northwest Ohio and a convenient gateway to the Lake Erie shoreline, the Lake Erie Islands, and the broader Great Lakes recreation corridor. The city sits about 60 miles southwest of Detroit and roughly 110 miles northwest of Columbus, putting it within easy striking distance of two very different metropolitan markets.

A cornerstone of any visit to Toledo is the Toledo Museum of Art, a large and well-regarded collection housed in a campus of glass-and-steel pavilions in the city's Old West End neighborhood. The museum, which is generally free to visit, is particularly noted for its glass galleries and its European and American collections, and it sits just a couple of miles west of the downtown core. The Toledo Zoo & Aquarium, a short drive east of the city center on the banks of the Maumee River, is another anchor attraction, drawing families for its African Savanna, its aquarium exhibits, and a number of historic WPA-era buildings that give the grounds a distinctive character.

Just east of the city, Maumee Bay State Park stretches along Lake Erie's shoreline about 15 miles from downtown Toledo. The park features a lodge and conference center, an 18-hole golf course, miles of boardwalk and trail through marsh and oak savanna, and a small beach on the lake, making it a year-round draw for both day-trippers and overnight guests. A little farther afield, roughly 75 miles east of Toledo near Sandusky, sits Cedar Point, the long-famous roller-coaster capital of the Midwest. Its peninsula location on Lake Erie makes it a frequent pairing with a Toledo stay for travelers looping along the lake, and the route between the two cities traces the southern shore through small lake towns and additional parkland.

The combination of an affordable Midwest city, a genuine arts and zoo scene, and quick access to Lake Erie, state parks, and one of the country's most iconic amusement parks gives Toledo a versatile appeal for short-term-rental demand. Visitors come for weekend art trips, family zoo vacations, lake-side retreats, and roller-coaster road trips, and a well-placed property can serve several of those audiences at once across the year.

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