Toledo, Ohio is seeing a remarkable surge in lower-priced property values, with homes under $100,000 seeing price jumps of 57% over the last three years. Realtor Tyler Tresize noted that while mid-range properties ($200,000 to $500,000) lack investor activity, entry-level homes are in high demand. Investor participation has surged from 15% to 30% since 2018. Tresize indicated that rising rents and property taxes are shaping the rental landscape, emphasizing the importance of cash flow for landlords. Additionally, local government efforts to revitalize downtown Toledo are intended to attract homeownership and investments.
"In Toledo, properties priced under $100,000 are experiencing significant competition and price increases of up to 57% over the past three years."
"Investor interest in Toledo has doubled in six years, with 30% of single-family homes sold in early 2024 being purchased by investors."
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