The typical owner-occupied home in Oberlin is worth about $88,700, 59% below the Kansas median of $217,200 and 73% below the national median of $332,700. Owners pay a median $1,789 a year in property taxes, about 2.02% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $52,284 a year, so the median home costs 1.7 times the median income (2.9 times for Kansas). 77% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Oberlin at a glance
| Oberlin | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $88,700 | $217,200 | $332,700 |
| Median property tax paid per year | $1,789 | $2,798 | $3,119 |
| Property tax as a share of value | 2.02% | 1.29% | 0.94% |
| Median household income | $52,284 | $74,275 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 33% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,043 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 19.4% | 21.0% |
| Median rent | $593 | $1,060 | $1,413 |
| Rent as a share of renters' income | 27.0% | 27.1% | 30.6% |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 20.2% | 9.2% | 10.1% |
| Population | 1,734 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Oberlin
At this week's average 30-year rate of 7.11%, buying the median Oberlin home of $88,700 with 20% down costs about $664 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $811, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,441 for the 20%-down payment. That payment is 15% of the median Oberlin household income of $52,284; at that income and 20% down, the 28% guideline points to a home of about $163,000.
The median rent here is $593 a month, so owning the median home costs about $71 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $17,740 |
|---|---|
| Loan amount | $70,960 |
| Principal and interest | $477 |
| Property taxes (2.02% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $664 |
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| Down payment | $3,104 |
|---|---|
| Loan amount | $87,093 |
| Principal and interest | $586 |
| Property taxes (2.02% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $811 |
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Questions about home buying in Oberlin
What is the median home value in Oberlin?
About $88,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oberlin?
Homeowners pay a median $1,789 a year, which is about 2.02% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oberlin?
For the median home with 20% down at 7.11%, the payment is about $664 a month. Keeping that under 28% of gross income takes about $28,441 a year.
More about Oberlin
- Mortgage Refinance in Oberlin
- Debt Relief in Oberlin
- Home Equity Loans in Oberlin
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data