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These days, finding an affordable place to live in the Petroleum area can be challenging. Home prices in Petroleum are now at a median cost of $186,200, lower than the Kentucky average of $219,615.
The average cost of rent is $693/mo in Petroleum, primarily driven by the current value of real estate in the Petroleum area. In Petroleum, 30.85% of households rent, and 37.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Petroleum is $6,316 per month. Households that rent pay about 10.97% of their income on rent here. Petroleum’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scottsville, KY: higher priced homes
- Adolphus, KY: equally priced homes
- Oak Forest, KY: less expensive homes
- Pleasant Grove, TN: less expensive homes
- Maynard, KY: less expensive homes
- Walnut Hill, KY: less expensive homes
- Halifax, KY: higher priced homes
- Nubia, TN: higher priced homes
- Holland, KY: less expensive homes
- New Roe, KY: equally priced homes
Cities with Similar Populations
- Jenkins, IL: less expensive homes
- Summerdale, PA: equally priced homes
- Sulphur Springs, TN: equally priced homes
- Suggsville, AL: less expensive homes
- Sugar Valley, OH: equally priced homes
- Stringtown, AR: less expensive homes
- Strinestown, PA: higher priced homes
- Strafford, VT: higher priced homes
- Stormville, PA: higher priced homes
- Spencerville, MD: higher priced homes
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