Amherst, OH housing market
Homes typically sell in 42 days, close to asking.
Home values, sales, trends and how Amherst compares with the towns next door — updated as new data is published.
Amherst at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 59% in 5 years
The federal house price index for the ZIP code around Amherst rose 59% over the past 5 years, faster than across Ohio (53%). Last year prices rose 12%. Carrying the Census median home value forward with that index puts the typical Amherst home at roughly $407,000 today.
Show as a table
| Year | Change that year | Since 2000 | Ohio since 2000 |
|---|---|---|---|
| 2025 | +12% | +86% | +106% |
| 2024 | +3.1% | +66% | +97% |
| 2023 | +7.3% | +61% | +84% |
| 2022 | +17% | +50% | +70% |
| 2021 | +9.7% | +28% | +50% |
| 2020 | +2.2% | +17% | +35% |
| 2019 | +4.5% | +14% | +29% |
| 2018 | +6.9% | +9.1% | +23% |
| 2017 | +4.7% | +2% | +16% |
| 2016 | +1.4% | −2.5% | +11% |
| 2015 | +1.3% | −3.9% | +6.7% |
| 2014 | +3.7% | −5.1% | +3.1% |
| 2013 | +1.2% | −8.5% | −0.2% |
| 2012 | −3.1% | −9.6% | −0.4% |
| 2011 | −2.3% | −6.7% | +1.3% |
| 2010 | −6.2% | −4.5% | +5.1% |
| 2009 | −5.6% | +1.8% | +8.9% |
| 2008 | −4.2% | +7.8% | +12% |
| 2007 | −1.4% | +12% | +15% |
| 2006 | +0.7% | +14% | +17% |
| 2005 | +2.6% | +13% | +16% |
| 2004 | +3.2% | +10% | +12% |
| 2003 | +1.3% | +7% | +8.5% |
| 2002 | +2% | +5.7% | +6.7% |
| 2001 | +3.6% | +3.6% | +4.3% |
| 2000 | — | — | — |
How Amherst ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 44001, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
121 new homes permitted in 2025
Builders were permitted 121 new homes in Amherst in 2025: 6 single-family houses and 115 in buildings with two or more homes, worth about $15.3 million to build. That's 9.4 per 1,000 residents, faster than across Ohio (3.3). Over the past 10 years, Amherst has permitted 479 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Amherst gained 660 residents while 325 new homes were permitted: about 2 new residents per new home. Building and growth moved roughly in step. Across Ohio: 1.3 new residents per new home.
How Amherst ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 13 | 3 | 10 | $3.5 million |
| 2025 | 121 | 6 | 115 | $15.3 million |
| 2024 | 1 | 1 | 0 | $340,000 |
| 2023 | 31 | 31 | 0 | $5.6 million |
| 2022 | 34 | 34 | 0 | $6.3 million |
| 2021 | 36 | 36 | 0 | $5.8 million |
| 2020 | 65 | 65 | 0 | $8.5 million |
| 2019 | 69 | 69 | 0 | $9.3 million |
| 2018 | 73 | 73 | 0 | $8.4 million |
| 2017 | 38 | 38 | 0 | $5.6 million |
| 2016 | 11 | 11 | 0 | $2.4 million |
| 2015 | 14 | 14 | 0 | $2.4 million |
| 2014 | 18 | 18 | 0 | $3.3 million |
| 2013 | 18 | 14 | 4 | $3.1 million |
| 2012 | 42 | 34 | 8 | $6.9 million |
| 2011 | 16 | 16 | 0 | $3.3 million |
| 2010 | 26 | 26 | 0 | $4.2 million |
| 2009 | 32 | 14 | 18 | $4.9 million |
| 2008 | 7 | 7 | 0 | $1.5 million |
| 2007 | 35 | 23 | 12 | $7.9 million |
| 2006 | 23 | 23 | 0 | $5.5 million |
| 2005 | 40 | 40 | 0 | $9.6 million |
| 2004 | 63 | 61 | 2 | $12.8 million |
| 2003 | 77 | 77 | 0 | $16.9 million |
| 2002 | 60 | 60 | 0 | $11.8 million |
| 2001 | 64 | 62 | 2 | $13.2 million |
| 2000 | 59 | 59 | 0 | $12.1 million |
How Amherst ranks on new homes being built →
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 | — | +12%† | $1,190 | 121 | $90,725 |
| Amherst | $285K | +5.6% | $1,170 | 58 | $82,554 |
| Lorain | $157K | +3.9% | $1,110 | 47 | $48,685 |
| Brownhelm | — | +13.7%† | $1,290 | 0 | $62,452 |
† FHFA price index change, where Zillow has no home value for the town.
2.6 years of income
The typical Amherst home costs about 2.6 years of the town's median household income, less than across Ohio (3.5 years).
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 $1,190
HUD's Fair Market Rent for a two-bedroom in Amherst is $1,190 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Amherst pay a median of $906, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $870 · 4 bedrooms $1,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44001; 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.