Living in Oberlin, OH
Oberlin, OH, is a charming college town known for its rich cultural heritage and vibrant community. The presence of Oberlin College brings a unique artistic flair and a commitment to sustainability. Residents enjoy quaint shops, diverse restaurants, and numerous parks that enhance outdoor living and community engagement.
Current Market Conditions in Oberlin, OH
The real estate market in Oberlin, OH, is currently seeing steady activity with an increase in home buying interest, particularly among families and college faculty. The average home prices are quite reasonable, making it an attractive place for first-time home buyers and investors alike. The proximity to Oberlin College fosters a unique rental market catering to students and faculty, making rental properties a viable investment opportunity.
As of late summer 2023, the market has recorded a slight uptick in home values, suggesting a healthy demand driven by the area's appealing lifestyle and educational opportunities. Inventory levels remain balanced, providing a good mix of choices for potential buyers.
Home Value Estimator For Oberlin, OH
There are currently 3,223 real estate properties
in Oberlin, OH,
with a median automated valuation model (AVM) price
of $269,554.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Oberlin, OH, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Oberlin, OH,
is $294,948.00, with the most expensive house
in Oberlin, OH, topping out
at $1,958,460.00 and the cheapest home
in Oberlin, OH,
clocking in at $14,495.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Oberlin, OH!
Rent Prices
In Oberlin, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Oberlin, OH, is on
a rollercoaster ride. The
average rent price in Oberlin, OH,
is $1,384.00. Indeed, when looking to rent in
Oberlin, OH, you can expect to pay as little
as $610.00 or as much
as $2,700.00,
with the average rent median estimated to
be $1,320.00. The good news is that finding
an affordable and desirable property to rent in Oberlin, OH
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
