Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Allegany area can be challenging. Home prices in Allegany are now at a median cost of $126,501, lower than the New York average of $481,023.
The average cost of rent is $710/mo in Allegany, primarily driven by the current value of real estate in the Allegany area. While nearly 50.78% of residents own their homes outright in Allegany, 26.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Allegany is $5,302 per month. Households that rent pay about 13.39% of their income on rent here. Allegany's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Homer Hill, NY: less expensive homes
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- Knapp Creek, NY: less expensive homes
- Humphrey, NY: equally priced homes
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- Hinsdale, NY: less expensive homes
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Cities with Similar Populations
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- Greensboro, AL: less expensive homes
- Cotulla, TX: less expensive homes
- Seven Lakes, NC: higher priced homes
- Rockville, IN: less expensive homes
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