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DSCR Loans in Greene County, Ohio

A rental property in Greene County carries a heavier tax bill than most of Ohio: 1.40% 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

Greene County at a glance

County seat
Xenia
Population
174,322 (2025 est.)
Effective property tax rate
1.40%
Median home value
$252,200 (ACS 2020-2024 5yr)
Median gross rent
$1,135/mo (ACS 2020-2024 5yr)

02

Why investors look at Greene County

Wright-Patterson Air Force Base (shared with Montgomery County) anchors demand, alongside Wright State University in Fairborn.

03

The tax-drag math for Greene 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 Greene County it runs meaningfully above the middle of that range.

A $252,200 property here — Greene County's own median home value, 20% down ($50,440), renting for $1,135/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent
$1,135
Greene County property tax ($252,200 × 1.40% ÷ 12)
$294
Landlord insurance ($1220 ÷ 12)
$102
Principal & interest, $201,760 loan at an observed 7.20% Ohio average¹, 30-yr fixed
$1,370
PITIA (tax + insurance + P&I)
$1,765
DSCR (rent ÷ PITIA)
$1,135 ÷ $1,765 = 0.64

At these countywide figures, a 0.64 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 Greene County's 1.40%, this same property's monthly tax bill would run about $286 instead of $294 — a difference of roughly $8/month that moves straight into the DSCR numerator.

This worked example deliberately uses Greene 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.

0.64 on the county median isn't a verdict on Greene 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 Greene County

Where in Greene County you buy still matters even after the county-level tax math above — start with the cities below.

05

Nearby counties

Nearby in SW Ohio:

06

Get your Greene County DSCR quote

Numbers on this page are county medians — a real Greene County property will come in above or below them. Compare quotes on the one you're looking at.

Compare DSCR quotes for a Greene 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.