Home Price Key
Affordable
Average
Expensive
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 $89,902, lower than the New York average of $481,023.
The average cost of rent is $690/mo in Olean, primarily driven by the current value of real estate in the Olean area. While nearly 52.31% of residents own their homes outright in Olean, 39.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Olean is $4,534 per month. Households that rent pay about 15.21% of their income on rent here. Olean's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Westons Mills, NY: equally priced homes
- Homer Hill, NY: higher priced homes
- St. Bonaventure, NY: equally priced homes
- Allegany, NY: higher priced homes
- Haydenville, NY: higher priced homes
- Knapp Creek, NY: higher priced homes
- Portville, NY: equally priced homes
- Chipmunk, NY: equally priced homes
- Indian Crossing, PA: less expensive homes
- Hinsdale, NY: higher priced homes
Cities with Similar Populations
- Aguas Buenas, PR: higher priced homes
- Artesia, CA: higher priced homes
- Aledo, TX: higher priced homes
- Alexander City, AL: higher priced homes
- Anthony, NM: higher priced homes
- Andover, KS: higher priced homes
- Angola, IN: higher priced homes
- Newport, KY: higher priced homes
- Myrtle Grove, FL: higher priced homes
- New Hyde Park, NY: higher priced homes
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