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These days, finding an affordable place to live in the Oil City area can be challenging. Home prices in Oil City are now at a median cost of $214,948, lower than the Kentucky average of $219,615.
The average cost of rent is $734/mo in Oil City, primarily driven by the current value of real estate in the Oil City area. In Oil City, 44.97% of households rent, and 43.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oil City is $4,672 per month. Households that rent pay about 15.72% of their income on rent here. Oil City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stovall, KY: less expensive homes
- Coral Hill, KY: higher priced homes
- Pritchardsville, KY: higher priced homes
- Goodnight, KY: equally priced homes
- Glasgow, KY: less expensive homes
- Lecta, KY: less expensive homes
- Cave City, KY: less expensive homes
- Park City, KY: less expensive homes
- Merry Oaks, KY: less expensive homes
- Haywood, KY: higher priced homes
Cities with Similar Populations
- Maples, MO: less expensive homes
- Rudyard, MT: less expensive homes
- Royalton, OH: higher priced homes
- Ross, MN: less expensive homes
- Meadow Lakes, CA: higher priced homes
- Mayton, MS: less expensive homes
- Maysville, AR: higher priced homes
- Massey, AL: higher priced homes
- Marysville, ID: higher priced homes
- Marshall Junction, MO: less expensive homes
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