Amherst, OH housing market
The typical Amherst home is worth about $285,000, up 5.6% in a year, 15% above the Ohio typical home.
Home values, sales, trends and how Amherst compares with the towns next door — updated as new data is published.
Amherst at a glance
Typical home value, 2016–2026
Show as a table
| January | Amherst | Ohio |
|---|---|---|
| 2017 | $161,000 | $133,000 |
| 2018 | $168,000 | $141,000 |
| 2019 | $175,000 | $150,000 |
| 2020 | $181,000 | $158,000 |
| 2021 | $199,000 | $178,000 |
| 2022 | $220,000 | $195,000 |
| 2023 | $241,000 | $211,000 |
| 2024 | $249,000 | $224,000 |
| 2025 | $263,000 | $237,000 |
| 2026 | $278,000 | $245,000 |
| August 2026 | $285,000 | $249,000 |
58 new homes permitted in 2025
Builders were permitted 58 new homes in Amherst in 2025, all single-family houses, worth about $21.3 million to build. That's 8.9 per 1,000 residents, faster than across Ohio (3.3).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 88 | 88 | 0 | $31.5 million |
| 2025 | 58 | 58 | 0 | $21.3 million |
| 2024 | 179 | 39 | 140 | $32.8 million |
| 2016 | 2 | 2 | 0 | $385,000 |
| 2015 | 12 | 12 | 0 | $2.3 million |
| 2014 | 11 | 11 | 0 | $2.1 million |
| 2013 | 12 | 12 | 0 | $2.3 million |
| 2012 | 9 | 9 | 0 | $1.9 million |
| 2011 | 6 | 6 | 0 | $1.2 million |
| 2010 | 2 | 2 | 0 | $357,000 |
| 2009 | 3 | 3 | 0 | $536,000 |
| 2008 | 5 | 5 | 0 | $894,000 |
| 2007 | 9 | 9 | 0 | $1.6 million |
| 2006 | 12 | 12 | 0 | $2.2 million |
| 2005 | 10 | 10 | 0 | $1.6 million |
| 2004 | 19 | 19 | 0 | $2.7 million |
| 2003 | 23 | 23 | 0 | $2.4 million |
| 2002 | 20 | 20 | 0 | $2.3 million |
| 2001 | 14 | 14 | 0 | $1.8 million |
| 2000 | 22 | 22 | 0 | $2.1 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Amherst and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Amherst | $285K | +5.6% | $1,170 | 58 | $82,554 |
| Amherst | — | +12%† | $1,190 | 121 | $90,725 |
| Elyria | — | +3.5%† | $1,150 | 143 | $54,945 |
| New Russia | — | +0.6%† | $1,180 | 2 | $82,583 |
| Lorain | $157K | +3.9% | $1,110 | 47 | $48,685 |
| Brownhelm | — | +13.7%† | $1,290 | 0 | $62,452 |
| Elyria | $190K | +4.8% | $1,150 | — | $62,179 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Amherst home costs about 3.5 years of the town's median household income, about the same as across Ohio (3.5).
How Amherst ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,170
HUD's Fair Market Rent for a two-bedroom in Amherst is $1,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Amherst pay a median of $1,168. A two-bedroom takes about 17% of the town's median household income.
Studio $850 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44001, 44035, 44053; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Amherst
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.