Oil City Metro Area, PA Housing

The housing market in Oil City, PA Metro Area is thriving. The median value of homes is relatively lower than the US average at $114,400, however it is still growing at a faster rate of 10.35% over the past year, compared to 8.27% nationally. This indicates that the area is becoming increasingly attractive to potential buyers. People are drawn to the area's affordability and potential for growth, as well as its diversity of housing options. With this in mind, it is clear that investing in Oil City real estate can be a smart move for those seeking an affordable home with great appreciation potential.

The median home cost in Oil City Metro Area is $114,400. Home appreciation the last 10 years has been 51.5%. Home Appreciation in Oil City Metro Area is up 14.3%.

Average Age of Homes

- The median age of Oil City Metro Area real estate is 59 years old

The Rental Market in Oil City Metro Area

- Renters make up 19.4% of the Oil City Metro Area population
- 1.2% of houses and apartments in Oil City Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Oil City, Pennsylvania	United States
	26,318.0	139,647,020.0
	63	42
	$114,400	$338,100
	14.3%	16.6%
	43.1%	57.0%
	51.5%	101.1%
	$14.24	$10.98
	$1,423	$2,690
	59.7%	57.4%
	20.1%	11.2%
	20.2%	31.4%
Vacant Housing
	1.2%	1.9%
	0.9%	0.4%
	1.6%	0.7%
	2.5%	0.4%
	10.8%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	8.3%	2.4%
	13.2%	2.8%
	11.8%	3.9%
	12.0%	4.5%
	19.1%	11.3%
	13.4%	13.0%
	11.1%	20.1%
	3.3%	13.6%
	1.2%	8.3%
	1.1%	9.7%
	0.2%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	6.1%	13.6%
	7.7%	13.2%
	13.8%	14.8%
	6.1%	13.6%
	12.5%	10.0%
	6.2%	4.7%
	33.2%	12.2%

Reviews for Oil City

See all (0)

Write a Review

Start Your Review of Oil City

Commute