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DSCR Loans in Delaware County, Ohio

A rental property in Delaware County carries a heavier tax bill than most of Ohio: 1.53% effective, against a 1.36% statewide average. That gap shows up directly in a DSCR calculation, so we've worked it below on a property at the county's own median value.

01

Delaware County at a glance

County seat
Delaware
Population
242,032 (2025 est.)
Effective property tax rate
1.53%
Median home value
$445,500 (ACS 2020-2024 5yr)
Median gross rent
$1,492/mo (ACS 2020-2024 5yr)

02

Why investors look at Delaware County

Columbus-metro's fastest-growing exurban county; carries the highest median home value and highest median rent of any Ohio county in this dataset.

03

The tax-drag math for Delaware County

Property tax is the single input most Ohio rental-market content skips, and it's the one that varies most by county — from under 1% to over 2.3% across the state's 88 counties. In Delaware County it runs meaningfully above the middle of that range.

A $445,500 property here — Delaware County's own median home value, 20% down ($89,100), renting for $1,492/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent
$1,492
Delaware County property tax ($445,500 × 1.53% ÷ 12)
$568
Landlord insurance ($1220 ÷ 12)
$102
Principal & interest, $356,400 loan at an observed 7.20% Ohio average¹, 30-yr fixed
$2,419
PITIA (tax + insurance + P&I)
$3,089
DSCR (rent ÷ PITIA)
$1,492 ÷ $3,089 = 0.48

At these countywide figures, a 0.48 lands under the 1.00 floor most DSCR programs require — see the methodology note below for why a whole-county median often understates what a targeted rental-grade property actually clears. At the statewide average tax rate of 1.36% instead of Delaware County's 1.53%, this same property's monthly tax bill would run about $505 instead of $568 — a difference of roughly $63/month that moves straight into the DSCR numerator.

This worked example deliberately uses Delaware County's own ACS-reported median home value against its ACS-reported median gross rent — a blended, whole-county pairing that includes higher-priced owner-occupied housing on the value side and apartment/multifamily rents on the rent side. That's a more conservative starting point than a matched, rental-grade single-family purchase. Run your own address and rent number through the DSCR calculator for a property-specific result instead of this countywide blend.

0.48 on the county median isn't a verdict on Delaware County — it's a description of the middle of the market. Below-median purchase price, above-median rent, or a larger down payment are the three levers that move a specific deal back over 1.00; the gap between the average and the achievable is the opportunity, not a warning.

¹ Ohio DSCR long-term-rental loans averaged 7.20% in Q2 2026 (Private Lender Link), inside the broader 6.5%–8.75% range lenders were publishing for DSCR product nationally. 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.

04

Cities in Delaware County

Every city and village in Delaware County with its own page is listed here, largest by population first.

05

Nearby counties

Nearby in Central Ohio:

06

Get your Delaware County DSCR quote

County-level tax math is the start of underwriting a Delaware County rental, not the end of it. Compare DSCR quotes on your specific property next.

Compare DSCR quotes for a Delaware County property →

07

Sources for this page

Last updated 2026-08-25. County tax rates and home-value figures are refreshed periodically from the sources above, each with its own as-of date.