The Most Affordable Neighborhoods in Allegany County, NY by Home Value

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These days, finding an affordable place to live in the Allegany County area can be challenging. Home prices in Allegany County are now at a median cost of $89,120, lower than the New York average of $481,023.

The average cost of rent is $697/mo in Allegany County, primarily driven by the current value of real estate in the Allegany County area. While nearly 57.19% of residents own their homes outright in Allegany County, 19.49% rent.

Housing affordability isn’t just about home prices, though. The average household income in Allegany County is $4,645 per month. Households that rent pay about 15.01% of their income on rent here. Allegany County's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the county.

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