What is the median home price in Olean?

The median home price in Olean, Olean city, New York is $87,600, which is 69% below the national average of 281,900 ($281,900).

Olean, Olean city, New York has a violent crime rate of 0.3 per 1,000 residents, which is 92% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 4.4 per 1,000 residents.

What is the Walk Score for Olean?

Olean, Olean city, New York has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 1/100.

What is the median household income in Olean?

The median household income in Olean, Olean city, New York is $45,078, which is 40% below the national average of 74,580 ($74,580).

What is the average rent in Olean?

The median rent in Olean, Olean city, New York is $858 per month. The national average median rent is $1,163/month.

What is the air quality in Olean?

Olean, Olean city, New York has an Air Quality Index (AQI) of 40, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Olean?

The population of Olean, Olean city, New York is approximately 13,890. The homeownership rate is 83.0% (national average: 65.9%).

What are the climate risks in Olean?

Olean, Olean city, New York has an overall climate risk rating of "Relatively Moderate" with a risk score of 81.41. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Olean, Olean city, New York has an affordability index of 119, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 22.5¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Olean?

The unemployment rate in Olean, Olean city, New York is 6.6%. The national average unemployment rate is 3.7%. The poverty rate is 23.8% (national average: 12.4%).

Olean

Olean city, New York

Affordable

About Olean

Olean, New York, a hidden gem nestled in the heart of Western New York, offers a refreshing alternative to the hustle and bustle of larger cities. Imagine a lifestyle where affordability reigns supreme; here, the median home value hovers around a remarkable $87,600, a stark contrast to the national average. This incredible value allows residents to enjoy a comfortable life without the crushing burden of high housing costs. Olean is a community where neighbors know each other, and the pace of life encourages a genuine sense of connection. This is a place where you can truly unwind and enjoy the simple pleasures, all while being surrounded by the natural beauty of the surrounding area.

From an investment perspective, Olean presents a compelling opportunity. While the median household income of $45,078 is lower than the national average, the exceptionally low cost of living more than compensates, making Olean a great place for first-time homebuyers or those looking to downsize. The town is known for its safety and walkable neighborhoods, offering an attractive environment for families and retirees alike. This is a market that rewards those who value affordability, community, and a slower pace of life. For those seeking a real estate investment with lower risk and a high quality of life, Olean is worth a serious look.

Olean, New York at a Glance

Olean is a city in Olean city, New York with a population of approximately 13,890. The median home value is $87,600 and the median household income is $45,078. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 0.3 per 1,000 residents, which is 92% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $858 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.