1031 Exchange Toledo, Ohio

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Toledo due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Toledo, Ohio is a part of the Toledo, OH metropolitan area, and contains 31 zip codes, including: 43682, 43610, 43615, 43654, 43657, and 43606.

Toledo Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Toledo, OH metropolitan area was $718, which is 14.33% lower than 2014 average rent. This represents a compounded annual growth rate of 2.71%. 2019 vacancy in Toledo, OH was 2.50%.

The total population of the city of Toledo, OH has decreased 4.26% since 2010. As of 2018, the population was 274,975. The median household income of the Toledo was $37,100, which is 38.47% lower than the national average.

  • metropolitan area Toledo, OH
  • avg rent $718
  • rent growth 14.33%
  • vacancy 2.50%
  • median income $37,100
  • population (2018) 274,975
  • population growth -4.26%
  • vs. nat'l avg 38.47%
  • zip codes 43601 43603 43604 43605 43606 43607 43608 43609 43610 43611 43612 43613 43614 43615 43617 43620 43623 43635 43652 43654 43656 43657 43659 43660 43661 43666 43667 43681 43682 43697 43699

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