Oberlin, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oberlin, KS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oberlin Housing Market Information

With a population of 1,761, 958 total housing units (homes and apartments), and a median house value of $62,863, house prices in Oberlin are some of the most affordable in Kansas as well as the nation.

Single-family detached homes are the single most common housing type in Oberlin, accounting for 81.08% of the city's housing units. Other types of housing that are prevalent in Oberlin include duplexes, homes converted to apartments or other small apartment buildings ( 9.87%), mobile homes or trailers ( 4.57%), and a few large apartment complexes or high rise apartments ( 2.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oberlin. Owner-occupied housing accounts for 71.44% of Oberlin's homes, and 47.62% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oberlin's housing was primarily built during this period, from the '40s through the '60s. A full 46.01% of the city's housing hails from this era. Other housing ages represented in Oberlin include homes built before 1939 ( 28.79%) and housing constructed between 1970-1999 ( 23.41%). There's also some housing in Oberlin built between 2000 and later ( 1.79%).

Vacant housing appears to be an issue in Oberlin. Fully 14.08% of the housing stock is classified as vacant. Left unchecked, vacant Oberlin homes and apartments can be a drag on the real estate market, holding Oberlin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oberlin Home Appreciation Rates

Appreciation rates for homes in Oberlin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.33%, which ranks in the top 40% nationwide. This equates to an annual average Oberlin house appreciation rate of 0.62%.

NeighborhoodScout's data show that during the latest twelve months, Oberlin's appreciation rate, at 3.69%, has been at or slightly above the national average. In the latest quarter, Oberlin's appreciation rate has been 1.04%, which annualizes to a rate of 4.23%.

Relative to Kansas, our data show that Oberlin's latest annual appreciation rate is lower than 60% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$62,863

Oberlin, KS HOME PRICES

Value Range
> $1,065,000 0.0
$798,001 - $1,065,000 0.0
$533,001 - $798,000 0.0
$426,001 - $533,000 0.0
$319,001 - $426,000 0.6
$213,001 - $319,000 1.2
$107,001 - $213,000 18.0
$53,001 - $107,000 37.0
$0 - $53,000 43.3

Very Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
97.4276338919489 92.5531914893617

Number Of Homes And Apartments:
958

Oberlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
27.20% 1.40% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$719 / per month

Homeownership Rate

Homeownership
Owners 71.44
Renters 28.56
Vacant 14.08

Housing Market Details

 

Age of Homes

AGE OF Oberlin HOMES
2000 or Newer 1.8
1970 - 1999 23.4
1940 - 1969 46.0
1939 or Older 28.8

Types of Homes

TYPE OF Oberlin HOMES
Single-Family 81.1
Townhomes 1.6
Small Apt. Buildings 9.9
Apt. Complexes 2.9
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Oberlin HOMES
No Bedroom 0.00
1 Bedroom 9.60
2 Bedrooms 33.54
3 Bedrooms 28.16
4 Bedrooms 19.46
5 or more bedrooms 9.24

Popular Neighborhoods in Oberlin

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Zip Codes in Oberlin, KS