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.
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Amherst at a glance
- County
- Lorain County
- Population
- 12,681 (2020 Census)
- Type
- City
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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.
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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.
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Get your Amherst DSCR quote
Every Amherst property prices differently once a lender sees the real rent and file. Compare quotes on yours.
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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.