Market Overview
Home Prices in Oberlin, OH
The median home value in Oberlin, OH is $250,234 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oberlin are priced39% below average. Oberlin is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Oberlin home values have risen by approximately29.9%, reflecting strong long-term appreciation in this market.
Price History
Oberlin Home Price Trend
City Comparison
Oberlin vs. National Median
At $250,234, homes in Oberlin cost 39% below the national median of $410,000. This makes Oberlin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oberlin?
20% Down Payment
$50,047
on $250,234
Monthly P&I
$1,305/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,657/mo
incl. taxes & insurance
Income Needed
$66,280
gross annual (30% rule)
10% Down Option
$25,023
+ PMI applies
Loan Amount (20% dn)
$200,187
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Oberlin, OH?
The median home value in Oberlin is $250,234 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Oberlin?
Over the past year, home values in Oberlin have increased by 2.5%. Over five years, prices have risen approximately 29.9%.
How much do I need to earn to buy a home in Oberlin?
To comfortably afford the median home price of $250,234 with a 20% down payment ($50,047) at today's rates (6.8%), you'd need a gross annual income of approximately $66,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Oberlin compare to the national average home price?
The national median home value is approximately $410,000. At $250,234, homes in Oberlin are 39% below the national average.
What metro area is Oberlin part of?
Oberlin is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.