Oberlin, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oberlin, OH 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 8,350 people, 2,512 houses or apartments, and a median cost of homes of $184,988, 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 58.77% of the city's housing units. Other types of housing that are prevalent in Oberlin include large apartment complexes or high rise apartments ( 17.31%), duplexes, homes converted to apartments or other small apartment buildings ( 13.55%), and a few row houses and other attached homes ( 10.37%).

The most prevalent building size and type in Oberlin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.38% owning and 61.62% renting.

The housing in Oberlin was primarily built before 1939 ( 33.44%), making the housing stock in Oberlin some of the oldest overall in America, although there is a range of ages of homes in Oberlin. The next most important housing age is between 1970-1999 ( 28.31%), followed by between 1940-1969 ( 25.80%). There's also some housing in Oberlin built between 2000 and later ( 12.44%).

Oberlin Home Appreciation Rates

Oberlin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oberlin during the period has been just -1.14%, which is lower than 70% of US communities.

Over the last year, Oberlin appreciation rates have trailed the rest of the nation. In the last twelve months, Oberlin's appreciation rate has been 0.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oberlin were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Oberlin's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$184,988

Oberlin, OH HOME PRICES

Value Range
> $1,043,000 0.0
$783,001 - $1,043,000 0.6
$522,001 - $783,000 0.6
$418,001 - $522,000 0.4
$313,001 - $418,000 5.9
$209,001 - $313,000 25.3
$104,001 - $209,000 48.6
$52,001 - $104,000 16.0
$0 - $52,000 2.8

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
36.4291573889605 18.3727034120735

Number Of Homes And Apartments:
2,512

Oberlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
4.59% 0.26% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,161 / per month

Homeownership Rate

Homeownership
Owners 38.38
Renters 61.62
Vacant 7.27

Housing Market Details

 

Age of Homes

AGE OF Oberlin HOMES
2000 or Newer 12.4
1970 - 1999 28.3
1940 - 1969 25.8
1939 or Older 33.4

Types of Homes

TYPE OF Oberlin HOMES
Single-Family 58.8
Townhomes 10.4
Small Apt. Buildings 13.5
Apt. Complexes 17.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oberlin HOMES
No Bedroom 1.96
1 Bedroom 13.10
2 Bedrooms 23.44
3 Bedrooms 32.71
4 Bedrooms 19.86
5 or more bedrooms 8.93