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Petroleum, IN
Full City Profile · Indiana · Wells County County
2.0
/5.0
C
Fair
83
Population
1,038/sq mi density
$74,600
Home Value
$222,558 Zillow
50°F
Avg Temperature
275 sunny days/yr
10
Violent Crime/100K
3,504 property/100K
C
Overall
2.0 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Safety
1.8 / 5.0
10 violent crimes/100K
C
Education
2.1 / 5.0
0.0% bachelor's degree or higher
Housing Overview
Median Home Value
$74,600
74% below
US avg: $281,900
Homeownership Rate
100.0%
53% above US avg (65.4%)
Total Housing Units
51
Median year built: 1938
Home Value by Source
Census Median
$74,600
Zillow (ZHVI)
$222,558
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
100.0%
Owner-Occupied
0.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Affordability & Housing Stock
Rent Burden
22.9%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
100.0%
Complete Housing Data
Home Values
| Census Median Value | $74,600 |
| Zillow Home Value (ZHVI) | $222,558 |
Rent
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 100.0% |
| Renter-Occupied | 0.0% |
| Homeownership Rate | 100.0% |
| Total Housing Units | 51 |
| Median Year Built | 1938 |
| Rent Burden | 22.9% |