Oil Center—88231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oil Center
As of Oct '25, the median home price in Oil Center is $141,000, with a year-over-year change of -1.2%. This indicates that home prices in Oil Center are decreasing. According to Zillow, the 1-year price projection is -10.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $141,000 | -1.2% |
| Single Family | $141,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oil Center
Oil Center lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oil Center
As of Oct '25, Realtor.com reports that the median days on market for a home in Oil Center is 6. This is a decrease of -55.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 35.0% |
Listing Count | 3 | -62.0% |
| Listings as % of Homes | 0.3% | -62.0% |
Days on Market | 6 | -55.0% |
Demographics — Oil Center
As of the latest ACS Survey released in 2023, Oil Center has a population of 3,360, which has decreased by -1.5% over the past 5 years. Oil Center is a popular place for families, as children make up 34.4% of the population. The area has a poorly educated workforce, with 4.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,360 | -1.5% |
% Under 18 | 34.4% | 0.9% |
% Seniors | 15.7% | 55.4% |
% WFH | 2.9% | -23.7% |
% w/ College Degree | 4.3% | -58.7% |
As of the latest ACS Survey released in 2023, Oil Center is a predominantly hispanic area, with 54.7% of the population identifying as hispanic. The hispanic population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Oil Center is white, making up 44.1% of the population. Foreign-born residents account for 11.1% of the population in Oil Center, and this percentage has decreased by 7.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.1% | -1.8% |
% Black | 0.0% | N/A |
% Hispanic | 54.7% | 4.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 11.1% | -7.5% |
Mortgage and Risk — Oil Center
According to HUD data as of 2023, there were 24 mortgage originations in Oil Center, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Oil Center. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Oil Center
Oil Center lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,290 |
| 3 Bedroom | N/A | N/A | $1,590 |
| 4 Bedroom | N/A | N/A | $1,820 |
Affordability — Oil Center
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $141,000 |
| Median Household Income | $72,000 |