Housing in Oberlin, LA is considerably less expensive than the US House Median Value. The median value of a house in Oberlin, LA is $72,700 whereas the US House Median Value is $338,100. The 1 year house appreciation for the US was 8.27%, however, in Oberlin it was slightly lower at 6.09%. This suggests that housing prices have been increasing at a slower rate in Oberlin than in other parts of the country. Despite this, housing values are still on an upward trajectory and homeowners can benefit from having a property in Oberlin.
The median home cost in Oberlin is $72,700. Home appreciation the last 10 years has been 54.1%. Home Appreciation in Oberlin is up 11.0%.
Average Age of Homes
- The median age of Oberlin real estate is 40 years old
The Rental Market in Oberlin
- Renters make up 38.9% of the Oberlin population
- 1.0% of houses and apartments in Oberlin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.