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DSCR Loans in Pike County, Ohio

0.83% effective — that's Pike County's property tax rate, and it sits below the 1.36% Ohio average. On a DSCR loan, where the ratio is rent divided by the full monthly payment including taxes, a lower county rate is one of the few levers a borrower doesn't have to negotiate for. The worked math below shows what it does to a real deal.

01

Pike County at a glance

County seat
Waverly
Population
27,061 (2025 est.)
Effective property tax rate
0.83%
Median home value
$163,800 (ACS 2020-2024 5yr)
Median gross rent
$907/mo (ACS 2020-2024 5yr)

02

Why investors look at Pike County

Rural county near the former Portsmouth Gaseous Diffusion Plant (uranium enrichment) site, a historically major regional employer.

03

The tax-drag math for Pike County

The same $100,000 of property value can generate very different tax bills depending which of Ohio's 88 counties it sits in. Pike County sits toward the lower-tax end of that spread, which is a small but real edge for a DSCR file.

A $163,800 property here — Pike County's own median home value, 20% down ($32,760), renting for $907/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent
$907
Pike County property tax ($163,800 × 0.83% ÷ 12)
$113
Landlord insurance ($1220 ÷ 12)
$102
Principal & interest, $131,040 loan at an observed 7.20% Ohio average¹, 30-yr fixed
$889
PITIA (tax + insurance + P&I)
$1,104
DSCR (rent ÷ PITIA)
$907 ÷ $1,104 = 0.82

At these countywide figures, a 0.82 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 Pike County's lower 0.83%, this same property's monthly tax bill would run about $186 instead of $113 — Pike County's below-average rate is worth roughly $72/month here.

This worked example deliberately uses Pike 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.

The county average landing under 1.00 says something about the median deal in Pike County, not about the county as a market. Buying under the median, renting over it, or increasing the down payment are how investors make DSCR work here — the distance between that average number and an achievable one is exactly where the deal is.

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 Pike County

No city or village in Pike 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 Pike County.

05

Nearby counties

A few more SE Ohio counties worth a look:

06

Get your Pike County DSCR quote

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

Compare DSCR quotes for a Pike 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.