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These days, finding an affordable place to live in the Olean area can be challenging. Home prices in Olean are now at a median cost of $250,907, higher than the Indiana average of $232,932.
The average cost of rent is $903/mo in Olean, primarily driven by the current value of real estate in the Olean area. In Olean, 4.65% of households rent, and 26.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olean is $8,532 per month. Households that rent pay about 10.58% of their income on rent here. Olean’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Friendship, IN: equally priced homes
- Versailles, IN: less expensive homes
- Cross Plains, IN: equally priced homes
- Farmers Retreat, IN: equally priced homes
- Correct, IN: less expensive homes
- Elrod, IN: less expensive homes
- Dillsboro, IN: less expensive homes
- Pierceville, IN: less expensive homes
- Rexville, IN: less expensive homes
- New Marion, IN: less expensive homes
Cities with Similar Populations
- Pruett, IL: less expensive homes
- Paul, AL: less expensive homes
- Pearl, MI: equally priced homes
- Penton, AL: less expensive homes
- Perks, IL: less expensive homes
- Piney Ridge, NC: equally priced homes
- Piney Woods, AL: less expensive homes
- Pittsburg, IA: less expensive homes
- Plano, IN: less expensive homes
- Pleasant Valley, WA: higher priced homes
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