Commercial Real Estate Market in Amherst, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 666 off-market properties in Amherst, OH.
Market Trends
Amherst, OH spans 33.2 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Amherst, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Amherst, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Amherst, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Amherst, OH asks $88/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 85.7%
- Commercial 9.8%
- Industrial 4.5%
Largest Zones share of zoned land by district
Single Family Residence District
Commercial Or General Business District
Industrial District
Two Family Residence District
Multiple Family Residence District
Amherst, OH zones 4,405 acres across 7 districts. Commercial zoning covers 9.8% of zoned land, residential 85.7% and industrial 4.5%. The largest single district is Single Family Residence District at 80.3%. For commercial buyers the practical constraint is that only 14.3% of land carries a commercial or industrial designation.
Two Family Residence District (R-2)
ONAL USES. 1125.07 SUBPOENAS. CHAPTER 1127 Districts and Boundaries Generally CHAPTER 1128 Planned Development District Zoning CHAPTER 1129 R-1 Single-Family Residence District CHAPTER 1130 Home Occupations CHAPTER 1131 R-2 Two-Family Residence District CHAPTER 1133 R-3 Multiple-Family Residence District CHAPTER 1135 C-1 Commercial or Local Business District…
Market overview
Demographics & Economy
Amherst, OH has 20,837 residents in 8,547 households. Density runs 627 people per square mile. Median household income here is $91,050 and median gross rent $947 a month.
20,837
Population
8,547
Households
2.4
Avg Household Size
47
Median Age
30%
College-Educated
95%
High-School Grad
33.2 sq mi
ZIP Area
627
Density / Sq Mi
$91,050
Median Household Income
$47,042
Median Earnings
$947
Median Rent
$221,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Amherst | — | — |
| Oberlin | — | — |
| New Russia Township | — | — |
| Birmingham | — | — |
Commercial property in Amherst, OH asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Amherst?
Commercial property in Amherst, OH asks an average of $38 per square foot. The 6 most recent recorded sales traded at a median of $88/SF. Multifamily carries the highest asking price at $88/SF.
What zoning applies to commercial property in Amherst?
Amherst, OH zones 4,405 acres across 7 districts, of which 9.8% is commercial and 4.5% industrial. The largest single district is Single Family Residence District at 80.3% of zoned land. Residential zoning covers 85.7% and open space 0%.
Where does Realmo's Amherst market data come from?
Realmo compiles Amherst, OH figures from 7 recent recorded sales, 15 active sale listings, 10 active lease listings, 666 tracked off-market properties, the current Amherst zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 10 active for-lease listings in Amherst, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 4,405 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
