Home prices
The median home in Oil City costs $51,700. Compared to its nearby areas this is about $34,780 (40%) lower.It is roughly $165,800 (76%) lower in comparison to the nation as a whole, and is approximately $73,300 (58%) lower compared to the city of Pittsburgh.
Rents
The median monthly rent in Oil City is $612. In comparison to its nearby areas it is approximately $73 (10%) lower.It is about $450 (42%) lower compared to the entire country, and in comparison to the city of Pittsburgh is roughly $346 (36%) lower.
Nearby places
Woodland Heights
Woodland Heights is Oil City's neighbor to the south. Its housing prices are substantially more expensive. The value of the median home in Woodland Heights is $107,300, which comes out to $55,600 (51%) higher than Oil City. The rent there is a little more expensive. The median monthly rent in Woodland Heights is $670, which works out to $58 (8%) higher than Oil City.
Hasson Heights
Hasson Heights is Oil City's neighbor to the northeast. Its housing prices are significantly more expensive. The median home value in Hasson Heights is $87,900, which works out to $36,200 (41%) higher than Oil City. The rent there is fairly similar. Hasson Heights's median rent is $615 per month, which is very similar to Oil City.
Sugarcreek
Sugarcreek is Oil City's neighbor to the west. Housing prices there are substantially more expensive. The median home in Sugarcreek costs $76,700, which works out to $25,000 (32%) higher than Oil City. Its rents are fairly similar. The median rent in Sugarcreek is $601 a month, which comes out to $11 (1%) lower than Oil City.
Rouseville
Rouseville is about 2 miles north from Oil City. Its real estate prices are a little less expensive. Rouseville's median home cost is $46,300, which works out to $5,400 (11%) lower than Oil City. Rents there are somewhat more expensive. The median rent in Rouseville is $662 per month, which is $50 (7%) higher than Oil City.
Seneca
Seneca is roughly 3 miles south of Oil City. Its real estate prices are significantly more expensive. Seneca's median home price is $114,200, which is $62,500 (54%) higher than Oil City. Rent there is somewhat more expensive. Seneca's median monthly rent is $877, which works out to $265 (30%) higher than Oil City.
