DSCR Loans in Amherst, Ohio

Amherst sits in Lorain County. The facts below are what a DSCR lender actually looks at on a property here.

Amherst at a glance

County: Lorain County
Population: 12,681 (2020 Census)
Type: City

Home values and rent in Amherst

Countywide, Lorain County's median home value is $223,200 (ACS 2020-2024 5yr) — a Amherst-specific figure isn't independently published, so this reflects the whole county, not Amherst alone. Countywide, Lorain County's median gross rent is $966/mo (ACS 2020-2024 5yr) — again, a county figure standing in for a Amherst number we don't have.

The county tax-drag math applies here

Amherst sits in Lorain County, where the effective property tax rate is 1.22% — below Ohio's 1.36% statewide average. The full worked PITIA and DSCR example, built on a property at the county's median value, is on the Lorain County page — here's the tax line specifically for a property at Amherst's own numbers:

Property value used: $223,200 (countywide)
Lorain County effective tax rate: 1.22%
Estimated monthly property tax: $227

That estimate uses an observed Ohio DSCR average of 7.20% (Q2 2026)¹ elsewhere in the full county example — this is a market observation, not an offer; your rate depends on your DSCR, credit, LTV and loan purpose, and is set by the lender, not by us.

Near Amherst

Amherst rarely gets shopped alone — here's the rest of the immediate Lorain County field:

Lorain → — 65,211
Elyria → — 52,656
North Ridgeville → — 35,280
Avon Lake → — 25,206
Avon → — 24,847
Vermilion → — 10,659

Get your Amherst DSCR quote

Every Amherst property prices differently once a lender sees the real rent and file. Compare quotes on yours.

Compare DSCR quotes for an Amherst property →

Sources for this page

Wikipedia, "List of municipalities in Ohio" (population, 2020 Census) — https://en.wikipedia.org/wiki/List_of_municipalities_in_Ohio
CostByCounty, "Cost of Living in Ohio by County" (Lorain County median home value, county-fallback) — https://costbycounty.com/ohio
Private Lender Link (Ohio DSCR rate average, Q2 2026) — https://privatelenderlink.com/region/usa/ohio/residential-long-term-rental-ohio-usa/

Last updated 2026-08-25. Figures are refreshed periodically from the sources above, each with its own as-of date.