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DSCR Loans in Lorain County, Ohio

A rental property in Lorain County carries a lighter tax bill than most of Ohio: 1.22% effective, against a 1.36% statewide average. That gap works in a borrower's favor on a DSCR calculation, so we've worked it below on a property at the county's own median value.

01

Lorain County at a glance

County seat
Elyria
Population
323,219 (2025 est.)
Effective property tax rate
1.22%
Median home value
$223,200 (ACS 2020-2024 5yr)
Median gross rent
$966/mo (ACS 2020-2024 5yr)

02

Why investors look at Lorain County

Cleveland-metro county anchored by Elyria and the city of Lorain; Oberlin College sits in the county's south, and the area carries a legacy industrial/auto-supplier base.

03

The tax-drag math for Lorain 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 Lorain County it runs below the statewide middle.

A $223,200 property here — Lorain County's own median home value, 20% down ($44,640), renting for $966/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent
$966
Lorain County property tax ($223,200 × 1.22% ÷ 12)
$227
Landlord insurance ($1220 ÷ 12)
$102
Principal & interest, $178,560 loan at an observed 7.20% Ohio average¹, 30-yr fixed
$1,212
PITIA (tax + insurance + P&I)
$1,541
DSCR (rent ÷ PITIA)
$966 ÷ $1,541 = 0.63

At these countywide figures, a 0.63 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 Lorain County's lower 1.22%, this same property's monthly tax bill would run about $253 instead of $227 — Lorain County's below-average rate is worth roughly $26/month here.

This worked example deliberately uses Lorain 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.

0.63 on the county median isn't a verdict on Lorain 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 Lorain County

Lorain County's populated places, largest first. Each city page below carries its own population and housing facts, plus this county's tax math.

05

Nearby counties

Nearby in NE Ohio:

06

Get your Lorain County DSCR quote

The math above uses Lorain County's median home value. Run your own address and rent number to see where your file actually lands.

Compare DSCR quotes for a Lorain 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.