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Olean, NY
Full City Profile · New York · Cattaraugus County County
3.1
/5.0
B
Good
13,798
Population
2,339/sq mi density
$47,553
Median Income
$29,654 per capita
$90,500
Home Value
$108,889 Zillow
$786
Median Rent
31.8% income on rent
46°F
Avg Temperature
246 sunny days/yr
333
Violent Crime/100K
2,296 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$47,553 median income, 3.9% unemployment
A+
Affordability
5.0 / 5.0
$90,500 home value, $786/mo rent
F
Safety
1.0 / 5.0
333 violent crimes/100K
B
Education
3.3 / 5.0
29.1% bachelor's degree or higher
Housing Overview
Median Home Value
$90,500
68% below
US avg: $281,900
Median Rent
$786/mo
32% below
US avg: $1,163/mo
Homeownership Rate
54.3%
17% below US avg (65.4%)
Total Housing Units
6,798
Median year built: 1938
Home Value by Source
Census Median
$90,500
Zillow (ZHVI)
$108,889
Median Sale Price
$90,000
Median List Price
$169,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
54.3%
Owner-Occupied
45.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent:
$786/mo
Market Indicators (Redfin)
Median Days on Market
103 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
13
Price Drops
15.4%
of listings with price reduction
Price Per Sq Ft
$42
Active Inventory
39
homes for sale
Affordability & Housing Stock
Rent Burden
31.8%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
54.3%
Complete Housing Data
Home Values
| Census Median Value | $90,500 |
| Zillow Home Value (ZHVI) | $108,889 |
| Median Sale Price | $90,000 |
| Median List Price | $169,900 |
| Price Per Sq Ft | $42 |
Rent
| Census Median Rent | $786 |
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
| Days on Market | 103 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 15.4% |
| Homes Sold | 13 |
| Active Inventory | 39 |
| Price Per Sq Ft | $42 |
Ownership & Stock
| Owner-Occupied | 54.3% |
| Renter-Occupied | 45.7% |
| Homeownership Rate | 54.3% |
| Total Housing Units | 6,798 |
| Median Year Built | 1938 |
| Rent Burden | 31.8% |