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These days, finding an affordable place to live in the Petrolia area can be challenging. Home prices in Petrolia are now at a median cost of $688,145, lower than the California average of $812,006.
The average cost of rent is $1,503/mo in Petrolia, primarily driven by the current value of real estate in the Petrolia area. In Petrolia, 25.31% of households rent, and 55.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Petrolia is $6,297 per month. Households that rent pay about 23.87% of their income on rent here. Petrolia’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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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