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Affordable
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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 $179,827, lower than the Mississippi average of $183,008.
The average cost of rent is $1,026/mo in Oil City, primarily driven by the current value of real estate in the Oil City area. In Oil City, 29.55% of households rent, and 50.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oil City is $5,912 per month. Households that rent pay about 17.36% of their income on rent here. Oil City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Valley, MS: less expensive homes
- Bentonia, MS: higher priced homes
- Little Yazoo, MS: less expensive homes
- Mechanicsburg, MS: less expensive homes
- Satartia, MS: less expensive homes
- Tinsley, MS: higher priced homes
- Dover, MS: higher priced homes
- Phoenix, MS: less expensive homes
- Nevada, MS: higher priced homes
- Nod, MS: higher priced homes
Cities with Similar Populations
- Rehoboth, VA: equally priced homes
- Pitcher, NY: less expensive homes
- Plain View, VA: higher priced homes
- Platte Woods, MO: higher priced homes
- Pleasant Hill, NE: higher priced homes
- Puryear Corner, VA: higher priced homes
- Ralston, IA: less expensive homes
- Rapidan, MN: higher priced homes
- Raymond City, WV: higher priced homes
- Reads Landing, MN: higher priced homes
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