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Affordable
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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 $215,581, lower than the Missouri average of $246,641.
The average cost of rent is $661/mo in Olean, primarily driven by the current value of real estate in the Olean area. In Olean, 6.25% of households rent, and 41.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olean is $5,509 per month. Households that rent pay about 11.99% of their income on rent here. Olean’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Enon, MO: equally priced homes
- Spring Garden, MO: less expensive homes
- Eldon, MO: less expensive homes
- Lakeside, MO: less expensive homes
- Russellville, MO: equally priced homes
- Eugene, MO: equally priced homes
- West Aurora, MO: less expensive homes
- Scrivner, MO: higher priced homes
- Hickory Hill, MO: higher priced homes
- Barnett, MO: less expensive homes
Cities with Similar Populations
- Silver Lake, TX: higher priced homes
- Mentor, MN: higher priced homes
- Montreal, WI: less expensive homes
- Red Oak, OK: less expensive homes
- Rockford, AL: less expensive homes
- Rose Valley, PA: higher priced homes
- Sams Valley, OR: higher priced homes
- Seelyville, IN: less expensive homes
- Shabbona, MI: less expensive homes
- Sheldon, MO: less expensive homes
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