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Oberlin, OH Real Estate


According to census data in the year 2000 there were 2,865 housing units in Oberlin. This represents a 11% growth from 2,580 in 1990.

Of those housing units, 2,781 were located in either urbanized areas or urban clusters, and 84 were located in what is classified as a rural area.

Homeownership rate in Oberlin is about 50.6%. Oberlin's vacancy rate, including seasonal lodging, is about 5.3%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Oberlin were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type4.90%
One Bedroom16.60%
Two Bedrooms20.60%
Three Bedrooms35.50%
Four Bedrooms15%
Five Bedrooms or more7.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.64
Median year structure was built1953
Median Value of occupied units$118,500
Median Price asked for vacant units$86,800

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1965
Median Monthly Rent asked for vacant units$436

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage8.90%
Home Equity Loan13.60%
Simple Mortgage52.10%
Debt Free24.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%