The story of this market
The typical home in ZIP 44074 sells for about $329,000, or $165 per square foot.
Prices are down 6% from a year ago, which gives buyers more room to negotiate. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $964 a month.
ZIP 44074 — Oberlin
The Oberlin housing market is currently characterized as a seller's market with a measured pace of activity. While median prices have seen a slight year-over-year decline, the presence of Oberlin College continues to provide a stable economic foundation for the area. Inventory remains tight, supporting current price levels despite broader regional market fluctuations.
This ZIP is ideal for families and professionals seeking a small-town academic environment, as well as investors looking for properties near the college.
Median prices moved down 6.0% year over year.
Homes spend a median of 35 days on market with 4.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 11.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 44074, Lorain County OH
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime in Oberlin is generally considered low, with the area experiencing typical suburban safety levels compared to larger regional urban centers in Lorain County.
The area is served by the Oberlin City School District, which is characterized by its close integration with the local college community and academic-focused environment.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with no specific high-risk designations for major natural disasters.
Economic momentum is heavily anchored by Oberlin College, which serves as the primary driver for local employment, cultural activity, and infrastructure development.
Property taxes in Oberlin are levied by the county and local school district, with rates reflecting the standard Ohio structure for municipal and educational funding.
Commuting from Oberlin primarily involves driving via state routes to reach employment hubs in Elyria or the broader Cleveland metropolitan area.
The area features significant access to Oberlin College's campus amenities, local parks, and the nearby Lorain County Metro Parks system, providing ample trails and green space.
The rental market is influenced by the college student population, resulting in steady demand but limited inventory for non-student housing.
The economy is dominated by the education sector, with Oberlin College serving as the primary employer and economic engine for the city.
Transportation is primarily car-dependent, with regional connectivity provided by state highways connecting to the broader Lorain County transit network.
Development is largely focused on infill projects and maintaining the historic character of the college town environment.
Parcels are subject to standard municipal, county, and Oberlin City School District tax levies.
Standard property insurance coverage is available, with premiums reflecting typical Midwestern risk profiles for wind and storm damage.
Data retrieved from census.gov and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A world-renowned liberal arts college and conservatory that anchors the local economy and culture.
A significant green space providing trails and natural areas for the community.
A major cultural institution located on the college campus.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.