Is Oil City expensive?

Oil City, LA

State	Louisiana
Population	998
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Oil City, LA

State

Population

998

In comparison to its nearby areas, Oil City is a little less expensive, and it is significantly less expensive compared to the country as a whole. Compared to the city of Shreveport, it's a lot less expensive.

Home prices

The median home in Oil City costs $92,100. This is approximately $18,960 (17%) lower compared to the surrounding areas.It is about $125,400 (57%) lower compared to the rest of the nation, and it is roughly $56,000 (37%) lower compared to the city of Shreveport.

United States

Blanchard

Shreveport

Belcher

Hosston

Oil City

Mooringsport

Vivian

Comparison of median Oil City home price to nearby areas

Distribution of home prices for Oil City and nearby areas

Rents

The median monthly rent in Oil City is $432. It is about $355 (45%) lower compared to other places in this area.Compared to the US as a whole it is about $630 (59%) lower, and compared to the city of Shreveport it is about $380 (46%) lower.

United States

Blanchard

Hosston

Shreveport

Belcher

Mooringsport

Vivian

Oil City

Comparison of median Oil City rent to nearby areas

Distribution of rents for Oil City and nearby areas

Nearby places

Mooringsport

Mooringsport is roughly 4 miles south of Oil City. The housing prices there are a bit less expensive. Mooringsport's median home value is $76,100, which is $16,000 (21%) lower than Oil City. Rents there are significantly more expensive. In Mooringsport the median rent is $720 a month, which is $288 (40%) higher than Oil City.

Belcher

Belcher is approximately 7 miles east of Oil City. The housing prices there are a lot more expensive. The median home in Belcher is valued at $137,500, which is $45,400 (33%) higher than Oil City. Its rents are significantly more expensive. The median monthly rent in Belcher is $763, which works out to $331 (43%) higher than Oil City.

Vivian

Vivian is about 9 miles north of Oil City. The housing prices there are somewhat less expensive. The median home cost in Vivian is $72,700, which works out to $19,400 (26%) lower than Oil City. The rent there is a bit more expensive. Vivian's median monthly rent is $537, which is $105 (19%) higher than Oil City.

Blanchard

Blanchard is approximately 11 miles southeast from Oil City. The real estate prices there are substantially more expensive. The price of the median home in Blanchard is $165,400, which comes out to $73,300 (44%) higher than Oil City. The rent there is significantly more expensive. Blanchard's median monthly rent is $994, which comes out to $562 (56%) higher than Oil City.

Hosston

Hosston is about 11 miles northeast of Oil City. The housing prices there are a bit more expensive. Hosston's median home value is $103,600, which works out to $11,500 (11%) higher than Oil City. Its rents are a lot more expensive. In Hosston the median monthly rent is $922, which is $490 (53%) higher than Oil City.