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 $78,121, lower than the Pennsylvania average of $222,630.
The average cost of rent is $685/mo in Oil City, primarily driven by the current value of real estate in the Oil City area. While nearly 59.54% of residents own their homes outright in Oil City, 29.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oil City is $4,656 per month. Households that rent pay about 14.72% of their income on rent here. Oil City's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Woodland Heights, PA: higher priced homes
- Rouseville, PA: higher priced homes
- Seneca, PA: higher priced homes
- Enterprise, PA: higher priced homes
- Hill City, PA: higher priced homes
- Eagle Rock, PA: higher priced homes
- Victory Heights, PA: higher priced homes
- Kaneville, PA: higher priced homes
- Sugarcreek, PA: higher priced homes
- Plumer, PA: higher priced homes
Cities with Similar Populations
- Ashland City, TN: higher priced homes
- Union City, TN: higher priced homes
- Barrington, IL: higher priced homes
- Ville Platte, LA: higher priced homes
- Atmore, AL: higher priced homes
- Astoria, OR: higher priced homes
- Artondale, WA: higher priced homes
- Arkansas City, KS: equally priced homes
- Ardmore, PA: higher priced homes
- Amherst, MA: higher priced homes
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