Home Insurance in Amherst, Ohio
With a median home value of $239,200, Amherst is 7% higher than the Lorain County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Amherst was built around 1971. About 32% of homes were built before 1960, in line with Lorain County (33%).
The housing stock in Amherst is 90% single-family homes, 6% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
67% of owner-occupied homes in Amherst carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 88% of occupied homes in Amherst are owner-occupied.
Most homes in Amherst - 83% - are primarily heated with natural gas.
FEMA rates Lorain County's overall risk as Relatively Moderate, led by strong wind (Relatively High). Lorain County had 755 active NFIP flood policies as of September 2026. See the full Lorain County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Ohio, the statewide average premium for a standard HO-3 homeowners policy is $1,116 per year (NAIC, 2023 data).
Key figures
| Median home value | $239,200 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 88% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Lorain County | 755 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)