Median price for residential in as of Jul, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
21 Olean, NY 14760, USA apartments for sale
Olean
According to statistics, the population in Olean, NY amounts to 13,911, which shows decline -1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $40,291, shifting decline -1% from the past year, and the average property value in Olean, NY growth 7% to $77,600 throughout the year.
| Population | 13,911 |
| Median Age | 40.8 |
| Poverty Rate | 23% |
| Household Income | $40,291 |
| Number Of Employees | 6,487 |
| Median Property Value | $77,600 |
Household Income
The average household income in Olean, NY declined from $40,707 to $40,291 in the past year. This data is an estimate based upon 6,143 households in Olean, NY . The chart below presents how household income is distributed in Olean, NY in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Olean, NY shifted from $72,200 to $77,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Olean, NY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Olean, NY properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Olean, NY compared to median property taxes around the country. The prevalent amount of property taxes in Olean, NY equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Olean, NY 14760, USA
Average sale in Olean: $70,640 (-34.3%)
| Apartment Size | Jul | vs Last Month |
|---|---|---|
| 1 bed for sale | $28,900 | N/A |
| 2 bed for sale | $64,260 | -27.8% |
| 3 bed for sale | $87,102 | -23.4% |
| 4+ bed for sale | $44,500 | -59.2% |
During Jul 2022, the average price for an apartment in/near Olean, NY decreased by 34.3% to $70,640.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $28,900 with no changes this month. Asking price for 2-bed apartment also decreased by 27.8% and a place of this size will now cost you $64,260. A 3-bed apartment goes for $87,102, it decreased by 23.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 59.2% and made it down to $44,500.
| Listing Type | Jul | vs Last Month |
|---|---|---|
| Houses for sale | $75,792 | -33.4% |
| Duplexes for sale | $49,900 | N/A |
| Land for sale | $27,400 | -8.4% |
| Apartments for sale | $34,500 | N/A |
| Townhouses for sale | $79,900 | N/A |
While assessing the property pricing Olean, NY, you can note that it remains flat with a price tag of $34,500. Price reports demonstrate that house price decreased by 33.4% this month making it up to $75,792. An average value of duplex is $49,900, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $79,900.