Commercial Real Estate Market in Oil City, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 494 off-market properties in Oil City, PA.
Market Trends
Oil City, PA spans 94.7 square miles in Venango County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oil City, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Oil City, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Oil City, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Oil City, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Oil City, PA has 14,935 residents in 7,648 households. Density runs 158 people per square mile. Median household income here is $57,368 and median gross rent $809 a month.
14,935
Population
7,648
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
94.7 sq mi
ZIP Area
158
Density / Sq Mi
$57,368
Median Household Income
$34,371
Median Earnings
$809
Median Rent
$84,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rouseville | — | — |
| Reno | — | — |
| Oil Creek | — | — |
| Franklin | — | — |
Commercial property in Oil City, PA asks $68/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oil City?
Commercial property in Oil City, PA asks an average of $68 per square foot.
Where does Realmo's Oil City market data come from?
Realmo compiles Oil City, PA figures from 7 recent recorded sales, 6 active sale listings, 1 active lease listings, 494 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 1 active for-lease listings in Oil City, PA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
