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Founded in 1833, the city of Toledo - which has a population of 287,208, was an important port city along the Great Lakes that grew rapidly after the Miami Erie Canal was constructed. The city became well known for its booming glass industry which gave it the nickname of The Glass City. The automotive industry also has a significant presence in the city with Jeep being the largest employers for most of the 20th century. Today the city is home of several fortune 500 companies including Fifth-Third Bank. Residents in Toledo enjoy a lower than average cost of living along with an approachable housing market making it an excellent location for real estate investment including rent to own homes.
The neighborhoods in Toledo are as diverse as the people who call them home. They include the Old West End which is a historic Victorian area that includes many local small shops. Other neighborhoods include Point Place, University Hills, Uptown, and Old Orchard. The overall median home value in Toledo is far below the national average making it quite affordable for first time homeowners at 56,200.
Do and See
Toledo has a prominent fine and visual arts scene that includes the Toledo Museum of Art which includes a concert hall that attracts shows from around the world. The city encourages visual arts through several program incentives and was the first in Ohio to promote local artists. Toledo also has an expansive outdoor scene with a great number of parks, trails, and a zoo.