The story of this market
The typical home in ZIP 44001 sells for about $284,900, or $165 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $1,062 a month.
ZIP 44001 — Amherst
The 44001 housing market is currently experiencing a period of stabilization with a median listing price of $284,900. While year-over-year prices have seen a slight decline, the market remains balanced with a moderate pace of activity and steady demand. Data for specific metrics like active inventory and price cuts are based on current market listings, while rental figures are modeled from regional fair-market estimates.
This ZIP is well-suited for families and long-term residents seeking a suburban lifestyle with access to established schools and community amenities, while offering a more affordable entry point than the immediate Cleveland suburbs.
Median prices moved down 2.1% year over year.
Homes spend a median of 30 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 5.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 44001, Lorain County OH
Crime rates in Amherst are generally reported as lower than the national average, with the area maintaining a stable safety profile compared to surrounding Lorain County municipalities.
The area is served by the Amherst Exempted Village School District, which is generally characterized as providing a stable and well-regarded public education environment for the community.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the Black River and its tributaries.
Economic momentum is driven by a mix of local manufacturing, healthcare services, and proximity to the broader Cleveland-Elyria metropolitan employment corridor.
Property taxes are assessed by Lorain County based on market value; the jurisdiction includes local school district levies and municipal taxes typical of Ohio's tax structure.
Residents primarily rely on personal vehicles for commuting, with access to State Route 2 and the Ohio Turnpike providing connections to the Cleveland employment core.
The area features access to local parks such as Amherst Beaver Creek Reservation, nearby golf courses, and shopping districts along the main commercial corridors of Amherst.
The rental market is primarily driven by local operators with limited institutional presence; vacancy pressure remains low, though rental yields are constrained by home price appreciation.
The local economy is supported by a diverse mix of manufacturing, retail, and healthcare services, with many residents commuting to larger employers in the Cleveland-Elyria metro area.
Transportation is dominated by highway access via SR-2 and I-90, with limited public transit options available for regional commuting.
Development is focused on maintaining the suburban character of the area with controlled residential expansion and commercial infill.
The Lorain County Auditor manages property assessments, with reappraisals occurring on a triennial cycle to reflect market value changes.
Parcels are subject to school district levies, county-wide taxes, and local municipal assessments for services like fire and police.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risks common to Northern Ohio.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional park offering trails and natural areas.
Historic district with local retail and dining options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).