The housing market in Amherst, OH is thriving. The median value of a house in the area is $234,600, which is considerably lower than the US median of $338,100. Nevertheless, the 1 year appreciation rate for houses in Amherst is 10.26%, significantly higher than the average US house appreciation rate of 8.27%. This indicates that Amherst real estate has been performing better than most other areas in the US and could be a great investment opportunity for those looking to buy a home there.
The median home cost in Amherst is $234,600. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Amherst is up 13.4%.
Average Age of Homes
- The median age of Amherst real estate is 50 years old
The Rental Market in Amherst
- Renters make up 15.6% of the Amherst population
- 0.0% of houses and apartments in Amherst, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.