Much like its nearby areas, it's a lot less expensive compared to the country as a whole. However compared to the city of Buffalo, it is somewhat less expensive.
Home prices
Eldred's median home value is $81,100. This is roughly $3,280 (3%) lower compared to other places in this area.In comparison to the US as a whole it is roughly $136,400 (62%) lower, and is approximately $8,700 (9%) lower in comparison to the city of Buffalo.
Rents
The median rent in Eldred is $430 a month. It is about $152 (26%) lower in comparison to the surrounding areas.Compared to the rest of the country it is approximately $632 (59%) lower, and is about $346 (44%) lower compared to the city of Buffalo.
Nearby places
Portville
Portville is roughly 5 miles north from Eldred. Its real estate prices are a little more expensive. The median home in Portville is valued at $86,800, which comes out to $5,700 (6%) higher than Eldred. Its rents are a little more expensive. In Portville the median rent is $625 per month, which comes out to $195 (31%) higher than Eldred.
Weston Mills
Weston Mills is roughly 7 miles north from Eldred. Its real estate prices are fairly similar. The median home in Weston Mills is valued at $81,800, which is very similar to Eldred. Its rents are a little more expensive. The median monthly rent in Weston Mills is $590, which works out to $160 (27%) higher than Eldred.
Shinglehouse
Shinglehouse is about 8 miles east of Eldred. Its real estate prices are somewhat less expensive. The median home in Shinglehouse is valued at $76,000, which is $5,100 (6%) lower than Eldred. Rent there is a bit more expensive. In Shinglehouse the median rent is $506 a month, which comes out to $76 (15%) higher than Eldred.
Olean
Olean is approximately 8 miles north of Eldred. Its real estate prices are pretty similar. The median home price in Olean is $80,200, which comes out to $900 (1%) lower than Eldred. The rent there is significantly more expensive. Olean's median rent is $648 per month, which comes out to $218 (33%) higher than Eldred.
St. Bonaventure
St. Bonaventure is about 9 miles northwest of Eldred. The real estate prices there are a bit more expensive. The median home in St. Bonaventure costs $97,100, which is $16,000 (16%) higher than Eldred. Rents there are a bit more expensive. The median monthly rent in St. Bonaventure is $543, which is $113 (20%) higher than Eldred.
