Olean Metro Area, NY Housing

The housing market in Olean, NY Metro Area is currently thriving. The median value of a house in the area is $131,600, much lower than the US median of $338,100. However, what really sets this market apart is its growth rate - with a 1-year house appreciation rate of 11.37%, Olean, NY Metro Area has far outpaced the national average of 8.27%. This makes it an attractive option for buyers looking for a safe and reliable investment opportunity in the housing market.

The median home cost in Olean Metro Area is $131,600. Home appreciation the last 10 years has been 70.3%. Home Appreciation in Olean Metro Area is up 14.5%.

Average Age of Homes

- The median age of Olean Metro Area real estate is 58 years old

The Rental Market in Olean Metro Area

- Renters make up 21.9% of the Olean Metro Area population
- 1.5% of houses and apartments in Olean Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Olean, New York	United States
	40,309.0	139,647,020.0
	60	42
	$131,600	$338,100
	14.5%	16.6%
	56.0%	57.0%
	70.3%	101.1%
	$30.41	$10.98
	$2,813	$2,690
	56.4%	57.4%
	22.3%	11.2%
	21.3%	31.4%
Vacant Housing
	1.5%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.5%	0.4%
	13.3%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	6.6%	2.4%
	12.2%	2.8%
	16.0%	3.9%
	15.8%	4.5%
	18.9%	11.3%
	11.6%	13.0%
	9.2%	20.1%
	3.3%	13.6%
	0.7%	8.3%
	0.7%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	10.2%	13.6%
	11.2%	13.2%
	12.9%	14.8%
	10.2%	13.6%
	8.1%	10.0%
	5.6%	4.7%
	35.7%	12.2%

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