Amherst, OH—44001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Amherst, OH
As of Oct '25, the median home price in Amherst, OH is $267,000, with a year-over-year change of 4.7%. This indicates that home prices in Amherst, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | 4.7% |
| Single Family | $267,000 | 5.1% |
| Condos | $274,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | 6.9% |
3 Bed | $254,000 | 5.8% |
4 Bed | $336,000 | 5.0% |
| 5 Bed | $374,000 | 5.4% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Amherst, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Amherst, OH is 49. This is a increase of 65.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $335,000 | 4.0% |
Listing Count | 65 | 38.0% |
| Listings as % of Homes | 0.5% | 38.0% |
Days on Market | 49 | 65.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Amherst, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $267,000 |
| Median Household Income | $91,000 |