Housing in Oil City, LA is quite affordable with a median value of $96,100, which is much lower than the US median value of $338,100. In the past year, house appreciation in Oil City was 5.41%, lower than the national average of 8.27%. It's clear that people looking for a more economically friendly housing option should consider Oil City as an option for their residence.
The median home cost in Oil City is $96,100. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Oil City is up 12.2%.
Average Age of Homes
- The median age of Oil City real estate is 41 years old
The Rental Market in Oil City
- Renters make up 50.4% of the Oil City population
- 1.7% of houses and apartments in Oil City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.