What percentage of people rent in Olean, NY?

Name: Renters and owners in Olean, NY, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

44.9% (±4.4 points) of the occupied homes in Olean, NY are rented (2020–2024 American Community Survey).

That is 2,814 renting households against 3,460 that own their home.

In Olean, the share of households that rent went from 48.3% in 2015–2019 to 44.9% in 2020–2024 (−3.4 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 44.9% (±4.4 points)
Renting households: 2,814 (±323)
Median renter income: $32,810 (±$4,109)

Who rents and who owns in Olean

Tenure, estimate (90% margin of error)
	Olean	Cattaraugus County	New York	United States
Renter-occupied share	44.9% (±4.4 points)	24.8% (±1.3 points)	45.7% (±0.2 points)	34.8%
Renting households	2,814 (±323)	7,899 (±468)	3,525,661 (±12,362)	45,017,354
Owning households	3,460 (±286)	23,996 (±405)	4,196,985 (±19,607)	84,210,142
Average renter household size	2.0 (±0.2)	2.0 (±0.1)	2.3 (±0.0)	2.3
Average owner household size	2.2 (±0.1)	2.4 (±0.0)	2.7 (±0.0)	2.6
Median renter household income	$32,810 (±$4,109)	$34,273 (±$2,709)	$57,803 (±$395)	$52,966
Median owner household income	$72,500 (±$6,470)	$71,076 (±$2,453)	$114,563 (±$568)	$100,009

In Olean, the renter share is higher than in Cattaraugus County (24.8%).

It is not measurably different from New York (45.7%).

It is higher than the national figure (34.8%).

In Cattaraugus County, Olean ranks 3 of 36 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 61 of 1,004.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Olean has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	48.3% (±3.8 points)	44.9% (±4.4 points)	−3.4 percentage points	Not a measurable change
Median gross rent	$648 (±$31)	$794 (±$52)	+22.5%	No measurable change after inflation
Median household income	$41,742 (±$5,542)	$51,261 (±$7,453)	+22.8%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Olean

Nearest places with a published estimate, compared with Olean
Place	Distance	Households that rent	Compared with this place
Olean	—	44.9% (±4.4 points)	—
Town of Olean	1.7 mi	22.1% (±9.1 points)	Lower
St. Bonaventure	2.0 mi	21.6% (±15.4 points)	Lower
Village of Allegany	2.8 mi	34.4% (±6.2 points)	Lower
Weston Mills	3.2 mi	21.3% (±10.6 points)	Lower
Town of Portville	4.7 mi	10.1% (±4.7 points)	Lower
Town of Allegany	5.0 mi	19.7% (±4.0 points)	Lower
Village of Portville	6.0 mi	21.9% (±10.4 points)	Lower
Town of Hinsdale	6.6 mi	25.3% (±10.6 points)	Lower

Nearby places with a measurably lower figure: Town of Olean, NY (22.1%), St. Bonaventure, NY (21.6%), Village of Allegany, NY (34.4%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Cattaraugus County, place by place

Rank	Place	Households that rent
1	Town of Red House	58.3% (±30.7 points)
2	Salamanca	45.3% (±4.0 points)
3	Olean	44.9% (±4.4 points)
4	Town of Little Valley	32.4% (±6.5 points)
5	Allegany Reservation	27.1% (±10.4 points)
6	Town of Hinsdale	25.3% (±10.6 points)
7 (tie)	Town of Machias	23.8% (±7.8 points)
7 (tie)	Town of New Albion	23.8% (±8.9 points)
9	Town of Yorkshire	23.2% (±5.4 points)

Showing 9 of 36 places in Cattaraugus County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Olean

How many renters are there in Olean?

Olean has an estimated 2,814 (±323) renting households, 44.9% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Olean?

In Olean, the share of households that rent went from 48.3% in 2015–2019 to 44.9% in 2020–2024 (−3.4 percentage points), not a measurable change.

How big are renting households in Olean?

A renting household in Olean has 2.0 people on average, against 2.2 in an owned home.

How much do renters earn in Olean?

The median renting household in Olean, NY has an income of $32,810 (±$4,109) a year, against $72,500 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Olean city, Cattaraugus County, New York (county subdivision:54716, in state:36 county:009).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.