What is the rental vacancy rate in Olean, NY?

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

The rental vacancy rate in Olean, NY is 11.8% (±4.7 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.7% (±0.9 points).

804 (±200) homes, 11.4% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Olean, the rental vacancy rate went from 8.0% in 2015–2019 to 11.8% in 2020–2024 (+3.8 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 11.8% (±4.7 points)
Homeowner vacancy rate: 0.7% (±0.9 points)
Vacant homes: 804 (±200)

Vacancy in Olean against Cattaraugus County, its state and the nation

Estimate (90% margin of error)
	Olean	Cattaraugus County	New York	United States
Rental vacancy rate	11.8% (±4.7 points)	8.3% (±2.1 points)	3.8% (±0.1 points)	5.5%
Homeowner vacancy rate	0.7% (±0.9 points)	0.7% (±0.3 points)	1.1% (±0.1 points)	0.9%
Vacant housing units	804 (±200)	8,461 (±377)	862,595 (±12,628)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Olean, the rental vacancy rate is not measurably different from Cattaraugus County (8.3%).

It is also higher than in New York (3.8%).

It is higher than the national figure (5.5%).

Rental vacancy rate in places near Olean

Nearest places with a published estimate, compared with Olean
Place	Distance	Rental vacancy rate	Compared with this place
Olean	—	11.8% (±4.7 points)	—
Town of Olean	1.7 mi	0.0% (±20.5 points)	Not measurably different
St. Bonaventure	2.0 mi	0.0% (±45.3 points)	Not measurably different
Village of Allegany	2.8 mi	9.9% (±8.1 points)	Not measurably different
Weston Mills	3.2 mi	0.0% (±25.6 points)	Not measurably different
Town of Portville	4.7 mi	6.6% (±10.0 points)	Not measurably different
Town of Allegany	5.0 mi	6.5% (±5.0 points)	Not measurably different
Village of Portville	6.0 mi	11.3% (±17.7 points)	Not measurably different
Town of Hinsdale	6.6 mi	0.0% (±16.8 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

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

Rental vacancy rate across Cattaraugus County, place by place

Rank	Place	Rental vacancy rate
1	Town of Mansfield	35.3% (±51.0 points)
2	Town of Randolph	31.4% (±20.9 points)
3	Town of Dayton	26.0% (±17.3 points)
4	Town of Otto	24.5% (±24.3 points)
5	Town of Persia	18.2% (±17.2 points)
6	Town of Freedom	17.8% (±26.6 points)
7	Olean	11.8% (±4.7 points)
8	Town of Carrollton	11.7% (±18.3 points)
9	Town of Perrysburg	7.8% (±12.9 points)
10	Town of Portville	6.6% (±10.0 points)
11	Town of Allegany	6.5% (±5.0 points)
12	Town of Franklinville	5.5% (±9.1 points)
13	Town of Machias	5.4% (±8.3 points)

Showing 13 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

Is it hard to find a rental in Olean?

The rental vacancy rate in Olean, NY is 11.8% (±4.7 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Olean tighter than it was?

In Olean, the rental vacancy rate went from 8.0% in 2015–2019 to 11.8% in 2020–2024 (+3.8 percentage points), not a measurable change.

How many homes are vacant in Olean?

An estimated 804 (±200) housing units, 11.4% of the total, including seasonal homes and homes waiting to be sold or rented.

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) 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_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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.