Oberlin, OH—44074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oberlin, OH
As of Oct '25, the median home price in Oberlin, OH is $264,000, with a year-over-year change of 4.1%. This indicates that home prices in Oberlin, OH are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 4.1% |
| Single Family | $266,000 | 4.3% |
| Condos | $239,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 5.6% |
3 Bed | $262,000 | 5.2% |
4 Bed | $312,000 | 4.7% |
| 5 Bed | $359,000 | 3.2% |
% of Housing Stock
Rental Trends — Oberlin, OH
As of July '25, Rentcast reports the average rent in Oberlin, OH is $1,140, with a year-over-year rent change of -50.4%. Per bedroom, the median rent as of July '25 in Oberlin, OH is 1-bedrooms: $608, 2-bedrooms: $1,650, 3-bedrooms: $2,200. The most common rental property sizes in Oberlin, OH are 1-bedroom and 2-bedroom, accounting for 32.8% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $675 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $575 | $608 |
| 2 Bed Rent | $1,650 | $1,650 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oberlin, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Oberlin, OH is 55. This is a increase of 54.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | -22.0% |
Listing Count | 33 | 43.0% |
| Listings as % of Homes | 0.4% | 43.0% |
Days on Market | 55 | 54.0% |
Demographics — Oberlin, OH
As of the latest ACS Survey released in 2023, Oberlin, OH has a population of 11,700, which has increased by 2.7% over the past 5 years. Oberlin, OH is a less popular place for families, as children make up 12.8% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 2.7% |
% Under 18 | 12.8% | -6.6% |
% Seniors | 22.8% | 30.3% |
% WFH | 8.5% | 60.4% |
% w/ College Degree | 42.5% | 11.3% |
As of the latest ACS Survey released in 2023, Oberlin, OH is a predominantly white area, with 74.8% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Oberlin, OH is black, making up 9.1% of the population. Foreign-born residents account for 4.2% of the population in Oberlin, OH, and this percentage has decreased by 35.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.8% | 4.0% |
% Black | 9.1% | -28.9% |
% Hispanic | 5.9% | 22.9% |
% Asian | 2.8% | -40.4% |
% Foreign Born | 4.2% | -35.4% |
Mortgage and Risk — Oberlin, OH
According to HUD data as of 2023, there were 108 mortgage originations in Oberlin, OH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Oberlin, OH. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Oberlin, OH
Oberlin, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 180 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 93.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $375 | $575 | $950 |
| 2 Bedroom | -$500 | $1,650 | $1,150 |
| 3 Bedroom | -$720 | $2,200 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Oberlin, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $264,000 |
| Median Household Income | $73,700 |