Amherst, OH 44001 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Amherst, OH—44001

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$283,000

5.0% YoY Growth

Household Income

$91,000

39.4% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,100

13.5% YoY Growth

1-Bed Rent

$1,100

28.2% YoY Growth

2-Bed Rent

$975

5.5% YoY Growth

3-Bed Rent

$1,600

68.2% YoY Growth

Home Price Trends — Amherst, OH

As of May '26, the median home price in Amherst, OH is $283,000, with a year-over-year change of 5.0%. This indicates that home prices in Amherst, OH are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$283,000	5.0%
Single Family	$282,000	4.8%
Condos	$286,000	5.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Amherst, OH

As of July '25, Rentcast reports the average rent in Amherst, OH is $1,260, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Amherst, OH is 1-bedrooms: $1,100, 2-bedrooms: $1,040, 3-bedrooms: $1,640. The most common rental property sizes in Amherst, OH are 3-bedroom and 2-bedroom, accounting for 38.2% and 37.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,260
Studio Rent	N/A	N/A
1 Bed Rent	$1,100	$1,100
2 Bed Rent	$975	$1,040
3 Bed Rent	$1,600	$1,640
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.7%

1 Bedroom

10.9%

2 Bedrooms

37.2%

3 Bedrooms

38.2%

4 Bedrooms

9.8%

5+ Bedrooms

2.3%

Property Listings — Amherst, OH

As of May '26, Realtor.com reports that the median days on market for a home in Amherst, OH is 30. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$327,000	-11.0%
Listing Count	61	3.0%
Listings as % of Homes	0.5%	3.0%
Days on Market	30	1.0%

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Demographics — Amherst, OH

As of the latest ACS Survey released in 2023, Amherst, OH has a population of 21,100, which has remained stable by -0.0% over the past 5 years. Amherst, OH is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,100	0.0%
% Under 18	18.5%	-2.6%
% Seniors	21.5%	0.5%
% WFH	10.1%	236.7%
% w/ College Degree	29.5%	25.0%

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As of the latest ACS Survey released in 2023, Amherst, OH is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Amherst, OH is hispanic, making up 6.2% of the population. Foreign-born residents account for 3.0% of the population in Amherst, OH, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.1%	-6.4%
% Black	1.2%	100.0%
% Hispanic	6.2%	51.2%
% Asian	1.6%	60.0%
% Foreign Born	3.0%	20.0%

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Mortgage and Risk — Amherst, OH

According to HUD data as of 2023, there were 529 mortgage originations in Amherst, OH, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Amherst, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	529
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Amherst, OH

Amherst, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	69
Total Units Section 8	18
% Rentals under Section 8	2.2%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$170	$1,100	$930
2 Bedroom	$155	$975	$1,130
3 Bedroom	-$150	$1,600	$1,450
4 Bedroom	N/A	N/A	$1,560

Amherst, OH—44001

Key Metrics at a Glance

Home Price Trends — Amherst, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, OH

% of Rental Stock

Property Listings — Amherst, OH

Demographics — Amherst, OH

Race and Ethnicity

Mortgage and Risk — Amherst, OH

Mortgages

Rentals and Section 8 — Amherst, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, OH

Home Price to Income Ratio

Amherst, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Lorain, OH

Oberlin, OH

Vermilion, OH

Kipton

Lorain, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$283,000
Median Household Income	$91,000

Amherst, OH—44001

Key Metrics at a Glance

Home Price Trends — Amherst, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, OH

% of Rental Stock

Property Listings — Amherst, OH

Demographics — Amherst, OH

Race and Ethnicity

Mortgage and Risk — Amherst, OH

Mortgages

Rentals and Section 8 — Amherst, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, OH

Home Price to Income Ratio

Amherst, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Lorain, OH

Oberlin, OH

Vermilion, OH

Kipton

Lorain, OH

Frequently Asked Questions

What is the average home price in Amherst, OH 44001?

How have home prices in Amherst, OH 44001 changed over the past year?

What is the home price projection for Amherst, OH 44001?

What are the demographics of Amherst, OH 44001?

How long does it take homes to sell in Amherst, OH 44001?

What is the average rent price in Amherst, OH 44001?