Similar to the surrounding areas, it's a lot less expensive compared to the US as a whole. However compared to the city of Detroit, it is significantly more expensive.
Home prices
The median home in South Amherst is valued at $137,700. This is roughly $2,620 (1%) higher compared to nearby areas.Compared to the US as a whole it is about $79,800 (36%) lower, and is about $88,500 (179%) higher compared to the city of Detroit.
Rents
The median monthly rent in South Amherst is $802. This is is very similar compared to its nearby areas.In comparison to the rest of the country it is about $260 (24%) lower, and in comparison to the city of Detroit is roughly $22 (2%) lower.
Nearby places
Amherst
Amherst is approximately 3 miles north of South Amherst. Real estate prices there are a bit more expensive. Amherst's median home price is $164,600, which comes out to $26,900 (16%) higher than South Amherst. The rent there is fairly similar. In Amherst the median monthly rent is $784, which is $18 (2%) lower than South Amherst.
Oberlin
Oberlin is roughly 4 miles south from South Amherst. Its real estate prices are a bit more expensive. The median home in Oberlin costs $160,900, which comes out to $23,200 (14%) higher than South Amherst. Its rents are pretty similar. Oberlin's median rent is $833 per month, which works out to $31 (3%) higher than South Amherst.
Vermilion
Vermilion is about 5 miles northwest of South Amherst. The housing prices there are similar. The median home cost in Vermilion is $140,800, which is $3,100 (2%) higher than South Amherst. Rents there are a little more expensive. In Vermilion the median monthly rent is $890, which comes out to $88 (9%) higher than South Amherst.
Elyria
Elyria is roughly 6 miles east from South Amherst. Its housing prices are a lot less expensive. The median home in Elyria is valued at $99,100, which comes out to $38,600 (38%) lower than South Amherst. The rent there is somewhat less expensive. The median rent in Elyria is $741 per month, which is $61 (8%) lower than South Amherst.
Kipton
Kipton is approximately 6 miles southwest from South Amherst. Its housing prices are a little less expensive. The median home value in Kipton is $110,000, which is $27,700 (25%) lower than South Amherst. Rent there is a bit less expensive. In Kipton the median rent is $756 per month, which comes out to $46 (6%) lower than South Amherst.
