Oil City, PA Real Estate
According to census data in the year 2000 there were 5,276 housing units in Oil City.
This represents a 3.2% decline from 5,449 in 1990.
Of those housing units, 5,276 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Oil City is about 62.5%.
Oil City's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Oil City were built after 1939.
|Housing Units by Size|
|Five Bedrooms or more||4.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.46|
|Median year structure was built||1939|
|Median Value of occupied units||$40,400|
|Median Price asked for vacant units||$28,600|
Rented Homes, Apartments and Condos
|Average Household Size||2.22|
|Median year structure was built||1942|
|Median Monthly Rent asked for vacant units||$255|
Owners Finance Status
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||7.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.8%|