The housing market in Toledo and the rest of Northwestern Ohio is expected to remain strong this year. Transaction volumes are projected to rise while prices barely decline, making real estate in Toledo even more affordable than it already is.

In fact, the Toledo Blade recently reported that affordable housing is always one of the bright spots in Toledo, with the investment dollar going much further than other Ohio cities such as Cleveland and Dayton. Despite the low cost of housing in the city, Toledo is very much a rental market, with nearly half of the households renting rather than owning.

Toledo is in northwest Ohio, located along the shores of Lake Erie and less than a one hour drive from Detroit. The economy is powered by the transportation, manufacturing, auto assembly, education and healthcare, and glass manufacturing sectors, earning Toledo the nickname “The Glass City”.

Population and job growth in the Toledo Metro area are slow and steady. Combined with affordable real estate prices and rising rents, it’s no wonder that investors are finding a lot to love about the Toledo real estate market in 2020.