Zip 71061 (Oil City, LA) Housing

Oil City, LA has a median housing value of $105,000 which is significantly lower than the US median of $338,100. The one year appreciation for US houses is 8.27%, while Oil City’s one year appreciation rate is 5.41%. This shows that overall the housing values in Oil City are appreciating slower than the national average. However, due to the lower median average and slower appreciation rate, Oil City may still be an affordable option for those looking to purchase a house or invest in real estate in the area.

The median home cost in Oil City (zip 71061) is $105,000. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Oil City (zip 71061) is up 12.2%.

Average Age of Homes

- The median age of Oil City (zip 71061) real estate is 40 years old

The Rental Market in Oil City (zip 71061)

- Renters make up 32.8% of the Oil City (zip 71061) population
- 3.7% of houses and apartments in Oil City (zip 71061), 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, Louisiana	United States
	876.0	139,647,020.0
	36	42
	$105,000	$338,100
	12.2%	16.6%
	25.0%	57.0%
	31.9%	101.1%
	$7.00	$10.98
	$245	$2,690
	46.2%	57.4%
	18.3%	11.2%
	35.5%	31.4%
Vacant Housing
	3.7%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	2.5%	3.6%
	11.1%	4.1%
Value of Owner-Occupied Housing
	19.3%	2.6%
	5.4%	2.4%
	8.1%	2.8%
	6.2%	3.9%
	6.4%	4.5%
	18.8%	11.3%
	2.2%	13.0%
	29.9%	20.1%
	1.2%	13.6%
	2.5%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	17.2%	13.6%
	15.1%	13.2%
	17.8%	14.8%
	17.2%	13.6%
	5.8%	10.0%
	0.7%	4.7%
	6.1%	12.2%

Reviews for Oil City

See all (0)

Write a Review

Start Your Review of Oil City

Commute