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DSCR Loans in Noble County, Ohio

Noble County's effective property tax rate runs 0.72% — below Ohio's 1.36% statewide average — which is a modest but real advantage on a DSCR file. Here's what that means on an actual property, and what else moves financing in Caldwell and the rest of the county.

01

Noble County at a glance

County seat
Caldwell
Population
14,276 (2025 est.)
Effective property tax rate
0.72%
Median home value
$163,600 (ACS 2020-2024 5yr)
Median gross rent
$707/mo (ACS 2020-2024 5yr)

02

Why investors look at Noble County

Rural Appalachian county; among the least populous in Ohio.

03

The tax-drag math for Noble County

Ohio's 88 counties span from under 1% effective property tax to over 2.3% in parts of Cuyahoga and Montgomery — a range wide enough to move a deal from cash-flowing to underwater on identical rent and price. Noble County sits on the favorable side of that range.

A $163,600 property here — Noble County's own median home value, 20% down ($32,720), renting for $707/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent
$707
Noble County property tax ($163,600 × 0.72% ÷ 12)
$98
Landlord insurance ($1220 ÷ 12)
$102
Principal & interest, $130,880 loan at an observed 7.20% Ohio average¹, 30-yr fixed
$888
PITIA (tax + insurance + P&I)
$1,088
DSCR (rent ÷ PITIA)
$707 ÷ $1,088 = 0.65

At these countywide figures, a 0.65 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 Noble County's lower 0.72%, this same property's monthly tax bill would run about $185 instead of $98 — Noble County's below-average rate is worth roughly $87/month here.

This worked example deliberately uses Noble 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.

A countywide average under 1.00 doesn't mean Noble County doesn't work — it means the median deal isn't the deal. Investors clear DSCR here by buying below the county median, renting above it, or putting more down, and the spread between the average and what's achievable is where the opportunity sits.

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 Noble County

No city or village in Noble 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 Noble County.

05

Nearby counties

Other SE Ohio counties, for comparison:

06

Get your Noble County DSCR quote

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

Compare DSCR quotes for a Noble 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.