Home prices
The median home in Amherst costs $164,600. This is roughly $29,200 (21%) higher in comparison to other places in this area.It is about $52,900 (24%) lower compared to the rest of the nation, and it is roughly $115,400 (234%) higher compared to the city of Detroit.
Rents
Amherst's median monthly rent is $784. Compared to its nearby areas it is roughly $95 (10%) lower.Compared to the entire country it is roughly $278 (26%) lower, and is approximately $40 (4%) lower in comparison to the city of Detroit.
Nearby places
Lorain
Lorain is Amherst's neighbor to the northeast. Real estate prices there are a lot less expensive. Lorain's median home cost is $87,300, which works out to $77,300 (88%) lower than Amherst. Its rents are a bit less expensive. In Lorain the median rent is $697 a month, which is $87 (12%) lower than Amherst.
South Amherst
South Amherst is about 3 miles south from Amherst. The real estate prices there are a little less expensive. The median home in South Amherst is valued at $137,700, which comes out to $26,900 (19%) lower than Amherst. Its rents are fairly similar. South Amherst's median rent is $802 per month, which is $18 (2%) higher than Amherst.
Vermilion
Vermilion is approximately 4 miles west from Amherst. Its housing prices are a little less expensive. The value of the median home in Vermilion is $140,800, which comes out to $23,800 (16%) lower than Amherst. Rent there is somewhat more expensive. In Vermilion the median monthly rent is $890, which comes out to $106 (11%) higher than Amherst.
Elyria
Elyria is about 5 miles east from Amherst. Its housing prices are a lot less expensive. The median home in Elyria costs $99,100, which is $65,500 (66%) lower than Amherst. Rent there is a little less expensive. Elyria's median monthly rent is $741, which comes out to $43 (5%) lower than Amherst.
Sheffield
Sheffield is approximately 7 miles northeast of Amherst. Housing prices there are a bit more expensive. The price of the median home in Sheffield is $212,100, which works out to $47,500 (22%) higher than Amherst. The rent there is a lot more expensive. The median rent in Sheffield is $1,267 per month, which is $483 (38%) higher than Amherst.
