Home prices
The value of the median home in Amherst is $136,300. This is roughly $60,720 (30%) lower compared to its surrounding areas.It is about $81,200 (37%) lower compared to the entire nation, and compared to the city of Madison it is about $110,000 (44%) lower.
Rents
In Amherst the median rent is $720 per month. Compared to other places in this area this is roughly $26 (3%) higher.It is about $342 (32%) lower in comparison to the United States as a whole, and in comparison to the city of Madison is approximately $398 (35%) lower.
Nearby places
Amherst Junction
Amherst Junction is about 1 mile northwest from Amherst. Its housing prices are significantly more expensive. Amherst Junction's median home price is $211,900, which works out to $75,600 (35%) higher than Amherst. Rents there are a little less expensive. The median monthly rent in Amherst Junction is $600, which comes out to $120 (19%) lower than Amherst.
Nelsonville
Nelsonville is about 3 miles north of Amherst. The real estate prices there are a little less expensive. The value of the median home in Nelsonville is $121,300, which is $15,000 (12%) lower than Amherst. Rent there is a little less expensive. The median rent in Nelsonville is $675 a month, which comes out to $45 (6%) lower than Amherst.
Scandinavia
Scandinavia is approximately 5 miles east of Amherst. Housing prices there are substantially less expensive. The median home in Scandinavia costs $99,000, which comes out to $37,300 (37%) lower than Amherst. The rent there is a little more expensive. Scandinavia's median monthly rent is $765, which comes out to $45 (5%) higher than Amherst.
Iola
Iola is approximately 7 miles northeast of Amherst. Housing prices there are significantly less expensive. The cost of the median home in Iola is $98,300, which comes out to $38,000 (38%) lower than Amherst. The rent there is somewhat less expensive. In Iola the median rent is $616 a month, which works out to $104 (16%) lower than Amherst.
Chain O' Lakes
Chain O' Lakes is about 8 miles southeast from Amherst. Its housing prices are significantly more expensive. Chain O' Lakes's median home price is $454,600, which is $318,300 (70%) higher than Amherst. The rent there is a little more expensive. In Chain O' Lakes the median monthly rent is $812, which is $92 (11%) higher than Amherst.
