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📍 Oil City, LA · Zillow ZHVI · July 2026

Average Home Price in
Oil City, LA

Shreveport-Bossier City, LA metro area · Caddo Parish County

Median Home Value
$115,274
↓ 3.5% year-over-year
vs. National Median
$410,000
Oil City is 72% below
Est. Monthly Payment
$601/mo
20% down · 6.8% rate
Income Needed
$31K
gross annual (30% rule)
Median Home Value
$115,274
↓ 3.5% year-over-year
Down Payment (20%)$23,055
Monthly P&I$601/mo
With Taxes & Ins.~$763/mo
Income Needed$30,520/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Oil City, LA

The median home value in Oil City, LA is $115,274 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.5% compared to a year ago and down 9.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Oil City are priced72% below average. Oil City is part of the Shreveport-Bossier City, LA metro area.

Over the past five years, Oil City home values have fallen by approximately13.2%, reflecting softening conditions in this market.

City Comparison

Oil City vs. National Median

🏠 Oil City
$115,274
National Median
$410,000

At $115,274, homes in Oil City cost 72% below the national median of $410,000. This makes Oil City a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Oil City?

20% Down Payment
$23,055
on $115,274
Monthly P&I
$601/mo
30-yr @ 6.8%
Total Monthly Est.
~$763/mo
incl. taxes & insurance
Income Needed
$30,520
gross annual (30% rule)
10% Down Option
$11,527
+ PMI applies
Loan Amount (20% dn)
$92,219
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Oil City, LA?
The median home value in Oil City is $115,274 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.5% year-over-year.
How much have home prices changed in Oil City?
Over the past year, home values in Oil City have decreased by 3.5%. Over five years, prices have fallen approximately 13.2%.
How much do I need to earn to buy a home in Oil City?
To comfortably afford the median home price of $115,274 with a 20% down payment ($23,055) at today's rates (6.8%), you'd need a gross annual income of approximately $30,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Oil City compare to the national average home price?
The national median home value is approximately $410,000. At $115,274, homes in Oil City are 72% below the national average.
What metro area is Oil City part of?
Oil City is part of the Shreveport-Bossier City, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.