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Olean Micro Area Housing

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As of 2010-2014, median price of a house in Olean Area is $83,000, which is much lower than the state average of $283,700 and is much lower than the national average of $175,700. The median year that a house in Olean Area was built is 1958, which is newer than the median year for a house built in the state which is 1956 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 22,808 Owner Occupied Houses in Olean Area, #796

Olean Area	83,000 USD
New York	283,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Olean Area	9.21%
New York	90.79%
U.S.	46.91%

*The Olean Area median house price growth rate is since 2005-2009. The New York and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Olean Area	New York	U.S.
Total Housing Units	41,048, see rank, 100%	8,153,309	132,741,033
Occupied Housing Units	31,798, 77.47%, see rank	88.99%	87.55%
Owner Occupied	22,808, 55.56%, see rank	47.92%	56.34%
Renter Occupied	8,990, 21.90%, see rank	41.07%	31.21%
Vacant Housing Units	9,250, 22.53%, see rank	11.01%	12.45%
For Rent	497, 1.21%, see rank	1.92%	2.34%
For Sale Only	401, 0.98%, see rank	0.87%	1.20%
Rented or Sold, Not Occupied	444, 1.08%, see rank	0.95%	0.92%
For Seasonal, Recreational, or Occasional Use	5,795, 14.12%, see rank	3.84%	3.97%
For Migrant Workers	8, 0.02%, see rank	0.01%	0.03%
Other Vacant	2,105, 5.13%, see rank	3.42%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #807

Olean Area	New York	U.S.
1958	1956	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Olean Area	%	New York	U.S.
Owner-Occupied Units	22,808	100%	3,906,991	74,787,460
With a Mortgage	11,985	52.55%, see rank	63.75%	65.58%
Without a Mortgage	10,823	47.45%, see rank	36.25%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Olean Area	1,091 USD
New York	2,042 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Olean Area	%	New York	U.S.
$299 or Less	22	0.18%, see rank	0.18%	0.20%
$300 to $499	350	2.92%, see rank	0.98%	1.59%
$500 to $699	1,267	10.57%, see rank	2.98%	5.01%
$700 to $999	3,417	28.51%, see rank	9.38%	14.32%
$1,000 to $1,499	4,372	36.48%, see rank	19.20%	27.90%
$1,500 to $1,999	1,614	13.47%, see rank	16.14%	20.35%
$2,000 to $2,999	709	5.92%, see rank	25.21%	19.52%
$3,000 or More	234	1.95%, see rank	25.94%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Olean Area	21.20% of the Total Income
New York	25.30% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Olean Area	%	New York	U.S.
10% or Less	792	6.61%, see rank	5.96%	5.86%
10% to 20%	4,762	39.73%, see rank	28.39%	31.95%
20% to 30%	3,167	26.42%, see rank	26.11%	27.64%
30% to 40%	1,342	11.20%, see rank	14.22%	13.74%
40% or More	1,913	15.96%, see rank	24.87%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Olean Area	464 USD
New York	710 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Olean Area	%	New York	U.S.
$199 or Less	826	7.63%, see rank	5.20%	7.76%
$200 to $299	1,351	12.48%, see rank	5.70%	14.70%
$300 to $499	3,946	36.46%, see rank	18.86%	34.63%
$500 to $699	2,874	26.55%, see rank	19.69%	21.16%
$700 or More	1,826	16.87%, see rank	50.55%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Olean Area	13.70% of the Total Income
New York	14.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Olean Area	%	New York	U.S.
10% or Less	3,612	33.37%, see rank	30.96%	40.19%
10% to 20%	3,902	36.05%, see rank	31.75%	31.47%
20% to 30%	1,559	14.40%, see rank	14.54%	12.24%
30% to 40%	774	7.15%, see rank	7.45%	5.64%
40% or More	906	8.37%, see rank	14.27%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Olean Area	New York	U.S.
Total Housing Units	41,048, 100%	8,153,309	132,741,033
1-unit, Detached	28,187, 68.67%, see rank	41.93%	61.65%
1-unit, Attached	1,092, 2.66%, see rank	4.95%	5.82%
2 Units	3,025, 7.37%, see rank	10.61%	3.75%
3 or 4 Units	1,793, 4.37%, see rank	7.39%	4.43%
5 to 9 Units	847, 2.06%, see rank	5.27%	4.78%
10 or More Units	1,227, 2.99%, see rank	27.40%	13.08%
Mobile Home, Boat, RV, Van, etc.	4,877, 11.88%, see rank	2.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Olean Area	New York	U.S.
Total Housing Units	41,048, 100%	8,153,309	132,741,033
1 Room	730, 1.78%, see rank	3.74%	1.95%
2 Rooms	973, 2.37%, see rank	3.69%	2.48%
3 Rooms	2,935, 7.15%, see rank	15.28%	9.13%
4 Rooms	5,760, 14.03%, see rank	18.50%	16.60%
5 Rooms	7,849, 19.12%, see rank	16.75%	20.41%
6 Rooms	8,243, 20.08%, see rank	15.01%	18.06%
7 Rooms	6,023, 14.67%, see rank	10.26%	12.27%
8 Rooms	4,244, 10.34%, see rank	7.56%	8.48%
9 Rooms or More	4,291, 10.45%, see rank	9.20%	10.60%
Median Rooms	5.80, see rank	5.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Olean Area	New York	U.S.
Total Housing Units	41,048, 100%	8,153,309	132,741,033
No Bedroom	807, 1.97%, see rank	4.29%	2.17%
1 Bedroom	4,455, 10.85%, see rank	19.68%	11.16%
2 Bedrooms	10,101, 24.61%, see rank	26.84%	26.69%
3 Bedrooms	17,826, 43.43%, see rank	31.52%	39.70%
4 Bedrooms	6,091, 14.84%, see rank	13.27%	16.05%
5 or More Bedrooms	1,768, 4.31%, see rank	4.40%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Olean Area	New York	U.S.
Total Housing Units	31,798, 100%	7,255,528	116,211,092
Utility Gas	16,483, 51.84%, see rank	56.12%	48.85%
Bottled, Tank, or LP Gas	3,864, 12.15%, see rank	3.36%	4.86%
Electricity	4,222, 13.28%, see rank	10.26%	36.68%
Fuel Oil, Kerosene, etc.	2,470, 7.77%, see rank	26.24%	5.86%
Coal or Coke	380, 1.20%, see rank	0.26%	0.12%
Wood	3,753, 11.80%, see rank	2.04%	2.12%
Solar Energy	2, 0.01%, see rank	0.03%	0.05%
Other Fuel	558, 1.75%, see rank	0.97%	0.47%
No Fuel Used	66, 0.21%, see rank	0.72%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Olean Area	New York	U.S.
Occupied Units Paying Rent	8,245, 100%	3,233,100	39,201,928
$199 or Less	137, 1.66%, see rank	1.14%	1.50%
$200 to $299	495, 6.00%, see rank	4.22%	3.18%
$300 to $499	1,787, 21.67%, see rank	6.44%	7.37%
$500 to $699	2,918, 35.39%, see rank	10.26%	16.01%
$700 to $999	2,175, 26.38%, see rank	19.86%	29.17%
$1,000 to $1,499	679, 8.24%, see rank	30.47%	26.88%
$1,500 to $1,999	32, 0.39%, see rank	15.24%	9.79%
$2,000 or More	22, 0.27%, see rank	12.38%	6.10%
Median	$617, see rank	$1,117	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Olean Area	New York	U.S.
Occupied Housing Units	31,798, 100%	7,255,528	116,211,092
No Vehicles Available	3,282, 10.32%, see rank	29.34%	9.12%
1 Vehicles Available	11,683, 36.74%, see rank	32.69%	33.80%
2 Vehicles Available	12,101, 38.06%, see rank	26.49%	37.48%
3 or More Vehicles Available	4,732, 14.88%, see rank	11.49%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.