Oberlin appreciation rates and housing market information

Oberlin housing market information

With 8,257 people, 2,865 houses or apartments, and a median cost of homes of $162,664, Oberlin real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Oberlin, accounting for 56.37% of the city's housing units. Other types of housing that are prevalent in Oberlin include large apartment complexes or high rise apartments (20.91%), duplexes, homes converted to apartments, or other small apartment buildings (17.98%), and a few row houses and other attached homes (4.75%).

The most prevalent building size and type in Oberlin are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 47.92% owning, and 46.74% renting.

The housing in Oberlin was primarily built before 1939 (35.19%), making the housing stock in Oberlin some of the older overall in America, although there is a range of ages of homes in Oberlin. The next most important Oberlin housing age is 1940-1969 (34.90%), followed by 1970-1994 (27.26%). There's also some housing in Oberlin built between 1995 and later (2.65%).

Oberlin home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Oberlin, where house values have increased just 33.00%, which is an average annual increase of 3.30%. NeighborhoodScout's data show that in the latest quarter, Oberlin house values appreciated 2.60%, which is an annualized rate of 10.40%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Oberlin home appreciation rates, at -0.34%, have been at or slightly above the national average. In the latest quarter, Oberlin's appreciation rate has been 2.60%, which annualizes to a rate of 10.40%.

Importantly, this makes Oberlin one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Oberlin's latest annual appreciation rate is higher than 25% of the other cities and towns in Ohio.