Home prices
The median home price in Olean is $80,200. Compared to the surrounding areas it is approximately $11,140 (12%) lower.In comparison to the country as a whole it is roughly $137,300 (63%) lower, and compared to the city of Buffalo it is approximately $9,600 (10%) lower.
Rents
The median rent in Olean is $648 per month. In comparison to other places in this area it is roughly $79 (13%) higher.It is roughly $414 (38%) lower compared to the United States as a whole, and is about $128 (16%) lower in comparison to the city of Buffalo.
Nearby places
St. Bonaventure
St. Bonaventure is Olean's neighbor to the west. The real estate prices there are somewhat more expensive. The median home in St. Bonaventure costs $97,100, which comes out to $16,900 (17%) higher than Olean. Rents there are a bit less expensive. In St. Bonaventure the median monthly rent is $543, which comes out to $105 (19%) lower than Olean.
Weston Mills
Weston Mills is Olean's neighbor to the east. Real estate prices there are similar. The median home in Weston Mills is valued at $81,800, which is $1,600 (1%) higher than Olean. Rents there are somewhat less expensive. In Weston Mills the median monthly rent is $590, which comes out to $58 (9%) lower than Olean.
Allegany
Allegany is approximately 2 miles west from Olean. The real estate prices there are a little more expensive. The median home in Allegany is valued at $109,900, which comes out to $29,700 (27%) higher than Olean. Rents there are pretty similar. In Allegany the median rent is $659 a month, which works out to $11 (1%) higher than Olean.
Portville
Portville is about 5 miles southeast from Olean. Housing prices there are somewhat more expensive. The median home in Portville costs $86,800, which comes out to $6,600 (7%) higher than Olean. Rent there is similar. Portville's median monthly rent is $625, which comes out to $23 (3%) lower than Olean.
Eldred
Eldred is approximately 8 miles south from Olean. The housing prices there are fairly similar. The median home in Eldred is valued at $81,100, which comes out to $900 (1%) higher than Olean. Rents there are a lot less expensive. Eldred's median rent is $430 per month, which works out to $218 (50%) lower than Olean.
