Market Overview
Home Prices in Amherst, OH
The median home value in Amherst, OH is $285,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Amherst are priced30% below average. Amherst is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Amherst home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Amherst Home Price Trend
City Comparison
Amherst vs. National Median
At $285,724, homes in Amherst cost 30% below the national median of $410,000. This makes Amherst a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Amherst?
20% Down Payment
$57,145
on $285,724
Monthly P&I
$1,490/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,892/mo
incl. taxes & insurance
Income Needed
$75,680
gross annual (30% rule)
10% Down Option
$28,572
+ PMI applies
Loan Amount (20% dn)
$228,579
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Amherst, OH?
The median home value in Amherst is $285,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Amherst?
Over the past year, home values in Amherst have increased by 5.3%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Amherst?
To comfortably afford the median home price of $285,724 with a 20% down payment ($57,145) at today's rates (6.8%), you'd need a gross annual income of approximately $75,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Amherst compare to the national average home price?
The national median home value is approximately $410,000. At $285,724, homes in Amherst are 30% below the national average.
What metro area is Amherst part of?
Amherst is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.