Oil City Pennsylvania Real Estate
Oil City, Pennsylvania, is located in Venango County, 50 miles S of Erie, Pennsylvania and 185 miles E of Detroit, Michigan. Oil City has a population of 11,504.
Oil City Homes
Oil City properties pool is 4,762 residential properties including Oil City new homes. Median age of real estate in Oil City is 1939. Average Household size is 2.99 people. 1% are one bedroom homes, 16% are 2 bedroom homes, 53% are 3 bedroom homes, 23% are 4 bedroom homes, and 6% are 5+ bedroom homes.
Oil City Mortgage Statistics
Oil City mortgages vs. USA median statistics
| Homes |
Oil City |
USA |
| Homes With No Mortgage |
47% |
30% |
| Homes With Mortgage |
53% |
70% |
| First Mortgage Only |
41% |
54% |
| First & Second Mortgage or HELOC |
13% |
16% |
Oil City Area Real Estate Tax
Oil City Real estate Tax: Median Real Estate Taxes (2000) were $871 comparing to 1999 Median Family income $ 36,149. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Oil City School District: Children make up 25.8% of Oil City population. Oil City has 2,970 under 18 years old residents, or 0.63 kids per one worker, or 0.62 kids per one household.
Oil City Real Estate & Oil City Homeownership
There are 1571.46 or 33% one person households, 1476.22 or 31% two person households, and 761.92 or 16% three person households in Oil City, Pennsylvania. Median residents age is 37.9, Senior citizens (65+) make up 2,010 or 17.5%% of Oil City population.
There are 4,685 workers (over 16 years of age) in Oil City. Of these, 90.5% drive to work. Approximately 1.41% of workers in Oil City take public transportation. An estimated 4.67% walk to work.
Median Oil City homeowner's housing expences are 15.8%
Crime in Oil City (2003), crimes per 10,000 residents per year
| Type of Crime |
Oil City |
USA, 2003 |
| Violent Crimes |
17.39 |
47.5 |
| Robberies |
0.87 |
14.2 |
| Aggravated Assaults |
12.17 |
29.5 |
| Property Crimes |
272.95 |
358.8 |
| Burglaries |
20.86 |
74.0 |
| Larceny-Thefts |
237.31 |
241.5 |
| Motor Vehicle Thefts |
14.78 |
43.3 |
Invest in Oil City Properties
When making a decision about buying real estate in Oil City Pennsylvania area, you should consider following statistical data:
| Category |
Oil City |
USA |
| Near Medium City |
Erie, Pennsylvania |
- |
| Near Large City |
Detroit, Michigan |
- |
| Oil City Zip Codes |
16301 |
- |
| Oil City Area Codes |
814 |
- |
| White population |
97.84% |
75.1% |
| African-American population |
0.89% |
12.3% |
| Asian |
0.29% |
3.6% |
| American Indian & Alaskan |
0.26% |
0.9% |
| Hispanic (of any race) |
0.63% |
12.5% |
| Median Family Income (1999) |
$ 36,149% |
$42,000 |
| Population Below Poverty Level |
18.61% |
12.4% |
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