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Oil City, PA
Full City Profile · Pennsylvania · Venango County County
2.9
/5.0
C+
Fair
9,517
Population
2,120/sq mi density
$52,688
Median Income
$30,848 per capita
$66,600
Home Value
$83,021 Zillow
$799
Median Rent
31.2% income on rent
49°F
Avg Temperature
275 sunny days/yr
156
Violent Crime/100K
1,948 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$52,688 median income, 3.9% unemployment
A+
Affordability
5.0 / 5.0
$66,600 home value, $799/mo rent
F
Safety
1.0 / 5.0
156 violent crimes/100K
C
Education
2.4 / 5.0
17.7% bachelor's degree or higher
Housing Overview
Median Home Value
$66,600
76% below
US avg: $281,900
Median Rent
$799/mo
31% below
US avg: $1,163/mo
Homeownership Rate
61.4%
6% below US avg (65.4%)
Total Housing Units
4,787
Median year built: 1938
Home Value by Source
Census Median
$66,600
Zillow (ZHVI)
$83,021
Median Sale Price
$69,500
Median List Price
$79,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
61.4%
Owner-Occupied
38.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$900/mo
1 Bedroom
$996/mo
2 Bedroom
$1,225/mo
3 Bedroom
$1,570/mo
4 Bedroom
$1,744/mo
Census median rent:
$799/mo
Market Indicators (Redfin)
Median Days on Market
115 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
8
Price Drops
18.5%
of listings with price reduction
Price Per Sq Ft
$32
Active Inventory
27
homes for sale
Affordability & Housing Stock
Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
61.4%
Complete Housing Data
Home Values
| Census Median Value | $66,600 |
| Zillow Home Value (ZHVI) | $83,021 |
| Median Sale Price | $69,500 |
| Median List Price | $79,000 |
| Price Per Sq Ft | $32 |
Rent
| Census Median Rent | $799 |
| FMR Studio | $900 |
| FMR 1-Bedroom | $996 |
| FMR 2-Bedroom | $1,225 |
| FMR 3-Bedroom | $1,570 |
| FMR 4-Bedroom | $1,744 |
Market
| Days on Market | 115 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 18.5% |
| Homes Sold | 8 |
| Active Inventory | 27 |
| Price Per Sq Ft | $32 |
Ownership & Stock
| Owner-Occupied | 61.4% |
| Renter-Occupied | 38.6% |
| Homeownership Rate | 61.4% |
| Total Housing Units | 4,787 |
| Median Year Built | 1938 |
| Rent Burden | 31.2% |