DSCR Loans in Vermilion, Ohio

Financing a rental in Vermilion, 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.

Vermilion at a glance

County: Lorain County
Population: 10,659 (2020 Census)
Type: City

Vermilion isn't contained entirely within Lorain County — it also extends into Erie County. The tax rate and figures on this page use Lorain County, which is where the majority of Vermilion's parcels sit; a specific address near the county line should confirm its actual taxing county before closing.

Home values and rent in Vermilion

We don't have a Vermilion-specific median home value. Countywide, Lorain County's figure is $223,200 (ACS 2020-2024 5yr) — treat this as a county-level baseline, not a Vermilion number. On rent, we're again working from the county: Lorain County's median gross rent is $966/mo (ACS 2020-2024 5yr), not a Vermilion-specific figure.

The county tax-drag math applies here

Lorain County's 1.22% effective tax rate applies to property in Vermilion — below 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 Lorain County page — here's the tax line specifically for a property at Vermilion's own numbers:

Property value used: $223,200 (countywide)
Lorain County effective tax rate: 1.22%
Estimated monthly property tax: $227

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 Vermilion DSCR quote

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

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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" (Lorain 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.