Oil City, PA home prices
Typical home $127,812 · -0.4% in a year · income needed $38,000
The Oil City, PA metro area ranks 851 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.4% in a year and +14.0% over five years. With 20% down at 7.11%, the typical home costs about $887 a month including 1.27% property tax (Venango County rate).
Mortgage on the typical Oil City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,562 | $102,250 | $688 | $0 | $199 | $887 | $38,000 |
| 10% down | $12,781 | $115,031 | $774 | $48 | $199 | $1,021 | $43,700 |
| 5% down | $6,391 | $121,421 | $817 | $51 | $199 | $1,066 | $45,700 |
| 3.5% down (FHA) | $4,473 | $125,497 | $844 | $57 | $199 | $1,100 | $47,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Oil City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Venango County, PA | $127,794 | -0.4% | 1.27% |
What can you afford in Pennsylvania on your salary? · Pennsylvania home prices · Salaries in Pennsylvania
Frequently asked questions
How much is a house in Oil City?
The typical home in the Oil City, PA metro area is worth $127,812 (Zillow, September 2026).
What salary do you need to buy a house in Oil City?
About $38,000 a year for the typical home with 20% down at 7.11%.