Total monthly cost of ownership
Cost to Own a Home in South Amherst, Ohio
A $186,000 home here costs
$1,616per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $956. The real number is $659 higher every month — 69% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
South Amherst against Lorain County and Ohio
| Measure | South Amherst | Lorain County |
|---|---|---|
| Median home value | $186,000 | $207,200 |
| Median property tax | $2,301 | $2,992 |
| Effective tax rate | 1.237% | 1.444% |
| Median gross rent | $893 | $916 |
| Population | 1,771 | 314,588 |
The weather behind that power bill
South Amherst sits in Lorain County, which averages a high of 82.3°F in its hottest month and a low of 19.8°F in its coldest, with 36.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 690 cooling and 6,045 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Lorain County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lorain County
Common questions
How much does it cost to own a home in South Amherst?
A $186,000 home in South Amherst, Ohio costs approximately $1,616 per month with 20% down at 6.66%. That is $956 principal and interest, $192 property tax, $69 homeowners insurance, $243 utilities and $155 set aside for maintenance.
What is the property tax rate in South Amherst?
South Amherst has an effective property tax rate of 1.237%, based on a median home value of $186,000 and median real estate taxes of $2,301. That is lower than the Lorain County average of 1.444%.
What is the average home price in South Amherst?
The median owner-occupied home value in South Amherst, Ohio is $186,000, against $207,200 across Lorain County.
Is it cheaper to rent or buy in South Amherst?
Median gross rent in South Amherst is $893 a month, against $1,616 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Amherst — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Ohio.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.