Home Price Key
Affordable
Average
Expensive
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 $86,961, lower than the West Virginia average of $138,399.
The average cost of rent is $582/mo in Petroleum, primarily driven by the current value of real estate in the Petroleum area. While nearly 69.53% of residents own their homes outright in Petroleum, 4.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Petroleum is $3,589 per month. Households that rent pay about 16.22% of their income on rent here. Petroleum's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Rusk, WV: higher priced homes
- Racy, WV: higher priced homes
- Freeport, WV: less expensive homes
- Eaton, WV: higher priced homes
- Rutherford, WV: equally priced homes
- Deerwalk, WV: higher priced homes
- Mellin, WV: higher priced homes
- Macfarlan, WV: higher priced homes
- Newark, WV: equally priced homes
- Walker, WV: higher priced homes
Cities with Similar Populations
- Grand Mesa, CO: higher priced homes
- Summit, MN: higher priced homes
- Gunlock, UT: higher priced homes
- Gross, IL: higher priced homes
- Gros Cap, MI: higher priced homes
- Grogan, MN: higher priced homes
- Grier City, PA: equally priced homes
- Greenwich, VA: higher priced homes
- Greenville Center, NY: higher priced homes
- Green River, IL: higher priced homes
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