City

Petroleum, IN

1 ZIP code  ·  Wells County  ·  Indiana

👥83Population
🎂53.2Median Age
🏠$74,600Median Home Value▼ 73% below avg
People & Population (ACS 2023 — weighted avg)
♂ Male 12.1% Female 88.0% ♀

Race & Ethnicity

White: 100%Race
White100.0%

Age Breakdown

5–17
24%
25–44
10%
45–64
33%
65+
34%

Key Indicators

Median Age53.2 yrs
Avg HH Size1.80
Below Poverty9.6% ≈ Avg
No HS Diploma45 (71.4%)
HS Graduate18 (28.6%)

Education

No HS: 71.4%HS Grad: 28.6%Edu
No HS71.4%
HS Grad28.6%
Housing & Income

Home Value Distribution

Under $50k
12%
$50k–$100k
34%
$100k–$150k
10%
$150k–$200k
34%
$200k–$300k
10%

Financials

Median Home Value$74,600 ▼ 73% below avg
Total Housing Units46

Income Distribution

Under $25k
17%
$25k–$50k
61%
$75k–$100k
22%
Employment & Commute

How People Get to Work

Drove Alone
100%

Commute Time

15–30 min
71%
Over 45 min
29%
Housing Stock

Year Built

Before 1940
38%
1940s–1950s
8%
1960s–1970s
8%
2000+
46%
About Petroleum, IN

Petroleum is a city in Indiana, located in Wells County. The city spans 1 ZIP code and is home to approximately 83 residents. It is a mature city, with a median age of 53.2 years.

The real estate market in Petroleum is one of the more affordable housing markets in the country. Median home values stand at $74,600, which is well below the national average. Homeownership is high at 100.0%, typical of suburban and family-oriented communities.

Petroleum, IN offers residents a cost-conscious lifestyle within Indiana.

ZIP Codes in Petroleum
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.