DSCR Loans in Painesville, Ohio

Painesville sits in Lake County. The facts below are what a DSCR lender actually looks at on a property here.

Lake County seat, Cleveland-metro suburb on Lake Erie.

Painesville at a glance

County: Lake County
Population: 20,312 (2020 Census)
Type: City

Home values and rent in Painesville

We don't have a Painesville-specific median home value. Countywide, Lake County's figure is $214,100 (ACS 2020-2024 5yr) — treat this as a county-level baseline, not a Painesville number. On rent, we're again working from the county: Lake County's median gross rent is $1,113/mo (ACS 2020-2024 5yr), not a Painesville-specific figure.

The county tax-drag math applies here

Lake County's 1.50% effective tax rate applies to property in Painesville — above the 1.36% statewide average. The full worked PITIA and DSCR example, built on a property at the county's median value, is on the Lake County page — here's the tax line specifically for a property at Painesville's own numbers:

Property value used: $214,100 (countywide)
Lake County effective tax rate: 1.50%
Estimated monthly property tax: $268

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.

Near Painesville

Painesville rarely gets shopped alone — here's the rest of the immediate Lake County field:

Mentor → — 47,450
Willoughby → — 23,959
Eastlake → — 17,670
Willowick → — 14,204
Wickliffe → — 12,652
Willoughby Hills → — 10,019

Get your Painesville DSCR quote

Every Painesville property prices differently once a lender sees the real rent and file. Compare quotes on yours.

Compare DSCR quotes for a Painesville property →

Sources for this page

Wikipedia, "List of municipalities in Ohio" (population, 2020 Census) — https://en.wikipedia.org/wiki/List_of_municipalities_in_Ohio
CostByCounty, "Cost of Living in Ohio by County" (Lake County median home value, 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.