Oberlin Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$118,000

  • 2.2% 1-year change
  • 2.3% 1-year forecast

The median home value in Oberlin is $118,000. Oberlin home values have gone up 2.2% over the past year and Zillow predicts they will rise 2.3% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Oberlin 7.5 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 3.3 and also greater than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oberlin is 5.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oberlin homeowners underwater on their mortgage is 15.9%, which is lower than Cleveland Metro at 19.9%.

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Relative ZHVI
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Oberlin Market Overview

Data through Jul 31, 2015
  • $118,000 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Oberlin Market Health

Data through Jul 31, 2015
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

7 Oberlin
3 Cleveland Metro
4 United States
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Nearby Cities

Name Median ZHVI
Sheffield $155,100
Lagrange $141,600
Grafton $139,500
Name Median ZHVI
Amherst $134,600
Vermilion $130,300
South Amherst $116,700
Name Median ZHVI
Wellington $103,500
Elyria $85,300
Lorain $63,900

Listings & Sales

  • No data
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Oberlin Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $977 Oberlin
    $1,150 Cleveland Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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