DSCR Loans in Morrow County, Ohio

A rental property in Morrow County carries a lighter tax bill than most of Ohio: 1.06% 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.

Morrow County at a glance

County seat: Mount Gilead
Population: 36,305 (2025 est.)
Effective property tax rate: 1.06%
Median home value: $222,300 (ACS 2020-2024 5yr)
Median gross rent: $937/mo (ACS 2020-2024 5yr)

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

A $222,300 property here — Morrow County's own median home value, 20% down ($44,460), renting for $937/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent: $937
Morrow County property tax ($222,300 × 1.06% ÷ 12): $196
Landlord insurance ($1220 ÷ 12): $102
Principal & interest, $177,840 loan at an observed 7.20% Ohio average¹, 30-yr fixed: $1,207
PITIA (tax + insurance + P&I): $1,505
DSCR (rent ÷ PITIA): $937 ÷ $1,505 = 0.62

At these countywide figures, a 0.62 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 Morrow County's lower 1.06%, this same property's monthly tax bill would run about $252 instead of $196 — Morrow County's below-average rate is worth roughly $56/month here.

This worked example deliberately uses Morrow 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.

0.62 on the county median isn't a verdict on Morrow 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.

Cities in Morrow County

No city or village in Morrow County reaches the 5,000-population threshold this dataset uses. That doesn't mean there's no rental stock here — it means the county-level numbers above are the most granular figures we publish for Morrow County.

Nearby counties

Nearby in Central Ohio:

Get your Morrow County DSCR quote

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

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Sources for this page

Wikipedia, "List of counties in Ohio" (county seat, population, 2025 est.) — https://en.wikipedia.org/wiki/List_of_counties_in_Ohio
taxbycounty.com (effective property tax rate)
CostByCounty, "Cost of Living in Ohio by County" (median home value and rent, ACS 2020-2024 5yr) — 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. County tax rates and home-value figures are refreshed periodically from the sources above, each with its own as-of date.