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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 $133,152, lower than the Oklahoma average of $210,566.
The average cost of rent is $795/mo in Oil City, primarily driven by the current value of real estate in the Oil City area. In Oil City, 18.05% of households rent, and 75.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oil City is $4,208 per month. Households that rent pay about 18.89% of their income on rent here. Oil City’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rexroat, OK: less expensive homes
- Healdton, OK: less expensive homes
- Graham, OK: equally priced homes
- Fox, OK: less expensive homes
- Wirt, OK: less expensive homes
- Newport, OK: higher priced homes
- Wilson, OK: less expensive homes
- Hewitt, OK: less expensive homes
- Milo, OK: higher priced homes
- Woodford, OK: higher priced homes
Cities with Similar Populations
- New Rumley, OH: higher priced homes
- Munster, PA: higher priced homes
- Nancy Run, WV: higher priced homes
- Naomi, MI: higher priced homes
- Nash, ND: higher priced homes
- Nashville, IA: higher priced homes
- Navina, OK: higher priced homes
- Nay Aug, PA: higher priced homes
- Nebo, LA: equally priced homes
- Nebo, MO: higher priced homes
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