ZIP Code Market Report
16301 — Oil City, PA
Data through February 2026 · Updated monthly
Avg Home Value
$83,816
▼ 12.0% year-over-year
Month-over-Month
-1.4%
▼ 1.4%
Single Family
$82,752
Condo / Co-op
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The average home value in the 16301 ZIP code (Oil City, Pennsylvania) is $83,816 as of February 2026. Home prices are declining, down 12.0% compared to last year.
A 3-bedroom home in 16301 is valued at $88,707. 1-bedroom units start around $52,418.
The market in 16301 has a $137,563 spread between bottom-tier homes at $35,723 and top-tier homes at $173,285. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 16301 ZIP code will increase 0.0% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Venango County market area in Pennsylvania. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Venango County report.
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Market Snapshot
16301 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $86,794 | $85,014 | $83,816 | ▼ 3.4% |
| Single Family Value | $85,174 | $83,618 | $82,752 | ▼ 2.8% |
Home Values
16301 Home Value Trend
Historical home values for ZIP code 16301. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 16301
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $52,418 |
| 2 Bedrooms | $78,285 |
| 3 Bedrooms | $88,707 |
| 4 Bedrooms | $85,461 |
Property Types
Home Values by Property Type in 16301
How different property types compare in this ZIP code.
All Homes
$83,816
Single Family
$82,752
Bottom Tier
$35,723
Top Tier
$173,285
Forecast
12-Month Home Value Forecast for 16301
Zillow projects home values in 16301 will increase 0.0% over the next year.
Current Value
$83,816
Projected Change
0.0%
▲ 0.0%
Projected Value
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Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 16301 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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