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Affordable
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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 $166,618, lower than the New York average of $610,895.
The average cost of rent is $711/mo in Allegany, primarily driven by the current value of real estate in the Allegany area. In Allegany, 18.27% of households rent, and 54.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Allegany is $5,859 per month. Households that rent pay about 12.14% of their income on rent here. Allegany’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Seven Lakes, NC: higher priced homes
- Rockville, IN: equally priced homes
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