HomePennsylvaniaVenango CountyOil City
Oil City, Pennsylvania: commercial real estate data.
Oil City is a Census city of 9,468 people across 4.49 square miles of land, in Venango County. Median household income is $51,316, 61.3 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $155,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Oil City
What Oil City is
- Census place typecity
- Land area4.49 sq mi
- Water area0.35 sq mi
- Population per square mile of land2,107
- County holding the largest share of its areaVenango County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oil City
How many people live in Oil City
- Population9,468
- Median age40.3
- Population under 182,165
- Share under 1822.9 percent
- Population 65 and over1,844
- Share 65 and over19.5 percent
- Households3,908
- Family households2,438
- Share of households that are families62.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oil City
Income and work in Oil City
- Median household income$51,316
- Per capita income$28,220
- Civilian labor force4,542
- Employed4,311
- Unemployed231 plus or minus 107
- Unemployment rate5.1 percent plus or minus 2.3
- Adults 25 and over6,485
- Adults 25 and over with a high school diploma or higher87.9 percent
- Adults 25 and over with a bachelor degree or higher16.5 percent
- Adults 25 and over with a graduate degree6.3 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oil City
Housing in Oil City
- Housing units4,603
- Occupied units3,908
- Vacant units695 plus or minus 170
- Vacancy rate15.1 percent plus or minus 3.6
- Owner occupied2,394
- Renter occupied1,514
- Ownership rate61.3 percent
- Median owner-occupied home value$74,100
- Median gross rent, monthly$821
- Annual rent as a share of median income19.2 percent
- Single family units3,440
- Share single family74.7 percent
- Units in buildings of two or more1,151
- Share in buildings of two or more25.0 percent
- Mobile homes12 plus or minus 19
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oil City
How Oil City gets to work
- Workers 16 and over who commute4,020
- Commuting under 15 minutes2,022
- Share commuting under 15 minutes50.3 percent
- Commuting 30 minutes or more626 plus or minus 163
- Share commuting 30 minutes or more15.6 percent plus or minus 3.9
- Drove alone76.5 percent
- Carpooled14.9 percent plus or minus 4.6
- Public transport0.4 percent plus or minus 0.5
- Walked2.9 percent plus or minus 2.2
- Worked from home5.1 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oil City
SBA loans in Oil City (7(a))
- Approvals2
- Gross approval$155,000
- Average approval$77,500
- Median approval$77,500
- Largest approval$125,000
- Jobs supported23
- Jobs per approval11.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Oil City, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Oil City
Flood risk in Oil City
- NFIP communityCity of Oil City
- NFIP community number420837
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date01/16/14
The City of Oil City participates in the National Flood Insurance Program as community 420837 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Venango County, not Oil City
Venango County context, not Oil City figures
- Establishments in Venango County1,134
- Covered employment, Venango County16,232
- Average annual pay, Venango County$49,299
- Housing units permitted, Venango County40
Every figure in this section is published for Venango County as a whole and is not a measurement of Oil City.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Oil City questions, answered from the record.
How many people live in Oil City, Pennsylvania?
9,468, in 3,908 households. Oil City city covers 4.49 square miles of land, which is 2,107 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Oil City in?
Venango County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Oil City?
$51,316. The median owner-occupied home is valued at $74,100. Median gross rent is $821 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Oil City businesses?
2 7(a) approvals totaling $155,000 since FY2020, across 2 lenders, median approval $77,500. These count approvals to borrowers whose address is in Oil City, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Oil City borrowers get paid back?
No rate is published for Oil City. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Oil City in the National Flood Insurance Program?
Yes. Oil City appears in the FEMA Community Status Book as Oil City, city of, community 420837, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Oil City figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Venango County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Oil City.
Is zoning published for Oil City?
No. Nothing on this page presents parcel level zoning.