The Most Affordable Neighborhoods in Petroleum, WV by Home Value

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 $94,553, lower than the West Virginia average of $177,366.

The average cost of rent is $486/mo in Petroleum, primarily driven by the current value of real estate in the Petroleum area. In Petroleum, 5.96% of households rent, and 74.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Petroleum is $4,097 per month. Households that rent pay about 11.85% of their income on rent here. Petroleum’s most expensive areas are in the northeastern 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.

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