Side-by-side comparison of Akron, OH and Toledo, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Toledo has the edge with an estimated cap rate of 4.33% compared to Akron's 3.64%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $230,000 in Akron vs $190,000 in Toledo, while rents come in at $1,240/mo and $1,160/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Akron is growing faster at -0.2% annually, while Toledo is losing population. Akron leads on home value appreciation at 1.9% per year.
Costs & risk: Property taxes are 1.58% in Akron vs 1.65% in Toledo. Vacancy rates of 7% and 7.5% are mixed — Akron has the tighter rental market.
Entry point: Toledo offers a lower entry at $190K vs Akron's $230K — a difference of $40K. With a 20% down payment, that's $38K vs $46K. Toledo combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Akron edges out Toledo on most key metrics. While cap rates are moderate at 3.64%, Akron's overall profile is stronger. Use our free calculators to model specific deals in Akron or Toledo.