What HUD offices serve Oil City, Pennsylvania?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near Oil City.
How many renters live in Oil City, Pennsylvania?
The City of Oil City has people living in households.
There are renters living in renter households in this City. Renters make up 31.87 percent of the population living in Oil City.
What is the rental market like in Oil City, Pennsylvania?
There are an estimated housing units in the Oil City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oil City, Pennsylvania, there are 1.17 rental units.
What is the vacancy rate for rentals in Oil City?
The rental vacancy rate in Oil City is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Oil City for each bedroom size?
Occupied Rental Units by Size in Oil City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 369 | 578 | 327 | 166 |
Occupied Rental Units by Size in Oil City
A large number of apartments in Oil City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Oil City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $573 to $1,232. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $573 |
| One BR | $648 |
| Two BR | $845 |
| Three BR | $1,067 |
| Four BR | $1,232 |
2024 Fair Market Rents in Oil City, Pennsylvania
How many units are rented at Fair Market Rent (FMR) in Oil City?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 13 | 65 percent |
| One BR | 239 | 65 percent |
| Two BR | 345 | 60 percent |
Rental Units Below FMR in Oil City, Pennsylvania
How many affordable rental units are in Oil City?
There are a variety of federal affordable housing programs serving households in Oil City, Pennsylvania including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly |
Tracked Units by Federal Program in Oil City, Pennsylvania
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oil City, Pennsylvania
Oil City features 300 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Oil City, Pennsylvania
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oil City.
Housing Choice Vouchers in Oil City, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Oil City landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Oil City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oil City, Pennsylvania for a two-bedroom apartment is between $761 and $930.
Sourced from federal housing data and AffordableHousingOnline.com research.