DSCR Loans in Lorain, Ohio

Financing a rental in Lorain, Ohio runs through Lorain County's property tax rate and the local rent and value numbers below — here's how they combine on a DSCR loan.

Cleveland-metro city on Lake Erie with a legacy steel and auto-supplier employment base; among the more affordable Cleveland-metro entry points.

Lorain at a glance

County: Lorain County
Population: 65,211 (2020 Census)
Type: City

Home values and rent in Lorain

Homes in Lorain carry a median value of $151,896. Rent, similarly, has no Lorain-specific figure; countywide Lorain County's median gross rent is $966/mo (ACS 2020-2024 5yr).

The county tax-drag math applies here

Property tax on a Lorain rental is set at the Lorain County rate: 1.22% effective, below the 1.36% Ohio average. The full worked PITIA and DSCR example, built on a property at the county's median value, is on the Lorain County page — here's the tax line specifically for a property at Lorain's own numbers:

Property value used: $151,896
Lorain County effective tax rate: 1.22%
Estimated monthly property tax: $154

That estimate uses an observed Ohio DSCR average of 7.20% (Q2 2026)¹ elsewhere in the full county example — 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.

Get your Lorain DSCR quote

Run the numbers on the actual address, not the median. Compare DSCR quotes for a Lorain property.

Compare DSCR quotes for a Lorain property →

Sources for this page

Wikipedia, "List of municipalities in Ohio" (population, 2020 Census) — https://en.wikipedia.org/wiki/List_of_municipalities_in_Ohio
Zillow Home Value Index and Stacker, "Cities with the most expensive homes in Ohio" (median home value, Jul–Aug 2026) — https://stacker.com/stories/ohio/cities-most-expensive-homes-ohio
CostByCounty, "Cost of Living in Ohio by County" (Lorain County median gross rent, county-fallback) — 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. Figures are refreshed periodically from the sources above, each with its own as-of date.