Home Price Key
Affordable
Average
Expensive
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 $104,694, lower than the Louisiana average of $194,522.
The average cost of rent is $716/mo in Oil City, primarily driven by the current value of real estate in the Oil City area. While nearly 56.41% of residents own their homes outright in Oil City, 43.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oil City is $3,507 per month. Households that rent pay about 20.41% of their income on rent here. Oil City's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Ferry Lake, LA: less expensive homes
- Gray, TX: equally priced homes
- Belcher, LA: higher priced homes
- Vivian, LA: less expensive homes
- Uncertain, TX: higher priced homes
- Cavett, LA: higher priced homes
- Mooringsport, LA: higher priced homes
- Gethsemane, TX: equally priced homes
- Dixie, LA: higher priced homes
- Blanchard, LA: higher priced homes
Cities with Similar Populations
- Talbotton, GA: equally priced homes
- Clarkton, MO: less expensive homes
- Coalfield, TN: higher priced homes
- Coburg, OR: higher priced homes
- Cub Run, KY: higher priced homes
- Darlington, LA: higher priced homes
- Darwin, MN: higher priced homes
- Edgar Springs, MO: less expensive homes
- Elwood, NE: higher priced homes
- Fords Prairie, WA: higher priced homes
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