Real Estate Investing in Oberlin, Ohio (44074)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44074 (Oberlin, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oberlin, OH (44074)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44074 Oberlin
This part of Lorain County is not an easy win. The 44074 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 44074 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 44074's metrics run below Lorain County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 44074 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Oberlin's stable or hybrid ZIPs before stepping into 44074. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Oberlin:
Property Strategy for 44074
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $205,725 | $1,180 | 4.1% | +7.2% | $102,862 |
| 3BR | $261,503 | $1,520 | 4.2% | +7.5% | $87,168 |
| 4BR | $312,319 | $1,620 | 3.7% | +7.2% | $78,080 |
| 5BR | $359,071 | — | — | +6.3% | $71,814 |
Market Trends
Home Value History (with trend line)
📊 How Does 44074 Compare?
| Metric | 44074 | Oberlin | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $282,004 | $282,004 | N/A | $237,530 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.4% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44074 (Oberlin, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44074 (Oberlin, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $282,004 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44074
Population: 11,684
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44074
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Oberlin, OH a good market for buy-and-hold investors?
Oberlin, OH rates 3.0/5 for investability. With median values at $282K and rents near $1,062/mo, the market offers reasonable fundamentals for rental investors.
What is the average monthly rent in Oberlin, OH?
Investors in Oberlin, OH typically see rents near $1,062/mo per month against $282K home values - a solid setup for rental cash flow.
How much should I expect to pay for a home in Oberlin, OH?
Oberlin, OH median home values land near $282K. That is reasonable territory for investors looking at $1,062/mo-per-month rentals.
What approach is best for Oberlin, OH real estate?
Oberlin, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($282K prices, $1,062/mo rents) make it a reasonable choice.
How quickly do rentals get leased in Oberlin, OH?
Vacancy in Oberlin, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,062/mo.
You know 44074 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44074 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44074 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 44074 (Oberlin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 44074 (Oberlin, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.