Oil City, LA
Full City Profile · Louisiana · Caddo Parish County
2.3
/5.0
C
Fair
941
Population
501/sq mi density
$17,381
Median Income
$14,405 per capita
$55,600
Home Value
$123,184 Zillow
65°F
Avg Temperature
C
Overall
2.3 / 5.0
Fair overall score based on economy, affordability, safety and education
F
Economy
1.0 / 5.0
$17,381 median income, 13.2% unemployment
A+
Affordability
4.9 / 5.0
$55,600 home value, /mo rent
F
Education
1.1 / 5.0
1.6% bachelor's degree or higher
Housing Overview
Median Home Value
$55,600
80% below
US avg: $281,900
Homeownership Rate
29.2%
55% below US avg (65.4%)
Total Housing Units
593
Median year built: 1977
Home Value by Source
Census Median
$55,600
Zillow (ZHVI)
$123,184
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
29.2%
Owner-Occupied
70.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$763/mo
1 Bedroom
$832/mo
2 Bedroom
$1,007/mo
3 Bedroom
$1,298/mo
4 Bedroom
$1,508/mo
Affordability & Housing Stock
Rent Burden
33.8%
of renters spending 30%+ of income on housing
9% above US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
29.2%
Complete Housing Data
Home Values
| Census Median Value | $55,600 |
| Zillow Home Value (ZHVI) | $123,184 |
Rent
| FMR Studio | $763 |
| FMR 1-Bedroom | $832 |
| FMR 2-Bedroom | $1,007 |
| FMR 3-Bedroom | $1,298 |
| FMR 4-Bedroom | $1,508 |
Market
Ownership & Stock
| Owner-Occupied | 29.2% |
| Renter-Occupied | 70.8% |
| Homeownership Rate | 29.2% |
| Total Housing Units | 593 |
| Median Year Built | 1977 |
| Rent Burden | 33.8% |