Oil City, PA Real Estate
According to census data in the year 2000 there were 5,276 housing units in Oil City.
This represents a 3.2% decline from 5,449 in 1990.
Of those housing units, 5,276 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Oil City is about 62.5%.
Oil City's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Oil City were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 14.10% |
| Two Bedrooms | 22.60% |
| Three Bedrooms | 41.60% |
| Four Bedrooms | 15.80% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $40,400 |
| Median Price asked for vacant units | $28,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $255 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 40.10% |
| Debt Free | 46.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
