The housing in Olean, NY is significantly lower than the US house median value at $118,900 but this does not mean it is an undesirable location to live. In fact, with a 1 year house appreciation of 12.09%, real estate values are rapidly increasing in Olean. This means that those who buy into the area now can benefit from quick returns on their investment and a strong growing market. In comparison to the US 1 year house appreciation of 8.27%, it's clear that Olean is a great place to invest in real estate for future growth potential.
The median home cost in Olean is $118,900. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Olean is up 14.6%.
Average Age of Homes
- The median age of Olean real estate is 78 years old
The Rental Market in Olean
- Renters make up 39.6% of the Olean population
- 3.3% of houses and apartments in Olean, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.