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These days, finding an affordable place to live in the Amherst area can be challenging. Home prices in Amherst are now at a median cost of $248,718, higher than the Ohio average of $236,816.
The average cost of rent is $892/mo in Amherst, primarily driven by the current value of real estate in the Amherst area. In Amherst, 15.11% of households rent, and 35.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Amherst is $7,620 per month. Households that rent pay about 11.70% of their income on rent here. Amherst’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Amherst, OH: less expensive homes
- Lorain, OH: less expensive homes
- Fields, OH: less expensive homes
- Henrietta, OH: higher priced homes
- Elyria, OH: less expensive homes
- Vermilion, OH: equally priced homes
- Oberlin, OH: less expensive homes
- Sheffield, OH: higher priced homes
- Sheffield Lake, OH: less expensive homes
- Birmingham, OH: higher priced homes
Cities with Similar Populations
- Davidson, NC: higher priced homes
- Branford, CT: higher priced homes
- Sartell, MN: higher priced homes
- Pleasant Prairie, WI: higher priced homes
- Pittsboro, NC: higher priced homes
- Palm Valley, FL: higher priced homes
- Clarks Summit, PA: higher priced homes
- Merrimack, NH: higher priced homes
- Mechanicsville, MD: higher priced homes
- Crest Hill, IL: equally priced homes
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