What is the median home value in the Town of Olean, NY?

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

The median value of owner-occupied homes in the Town of Olean, NY is $158,600 (±$16,882), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In the Town of Olean, the median home value went from $95,900 in 2015–2019 to $158,600 in 2020–2024 (+65.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $158,600 (±$16,882)
Owner-occupied homes: 648 (±98)
Most common range: $50,000 to $99,999

Home values in the Town of Olean

Owner-occupied homes by value, 2020–2024
Value	Town of Olean	Cattaraugus County	New York	United States
Less than $50,000	5.1% (±3.6 points)	14.1%	3.9%	5.3%
$50,000 to $99,999	27.2% (±8.6 points)	29.8%	5.6%	6.1%
$100,000 to $149,999	13.1% (±5.5 points)	17.8%	6.7%	6.8%
$150,000 to $199,999	19.9% (±5.7 points)	14.9%	8.3%	9.0%
$200,000 to $299,999	18.4% (±6.5 points)	13.1%	13.2%	17.8%
$300,000 to $499,999	12.8% (±7.9 points)	7.6%	19.7%	26.9%
$500,000 to $999,999	3.5% (±2.6 points)	2.0%	30.1%	20.9%
$1,000,000 or more	0.0% (±6.3 points)	0.8%	12.6%	7.1%

The most common range is $50,000 to $99,999, 27.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

The Town of Olean against Cattaraugus County, its state and the nation

Estimate (90% margin of error)
	Town of Olean	Cattaraugus County	New York	United States
Median home value	$158,600 (±$16,882)	$113,100 (±$3,389)	$423,800 (±$1,627)	$332,700
Owner-occupied homes	648 (±98)	23,996 (±405)	4,196,985 (±19,607)	84,210,142

In the Town of Olean, the median home value is higher than in Cattaraugus County ($113,100).

It is also lower than in New York ($423,800).

It is lower than the national figure ($332,700).

In Cattaraugus County, the Town of Olean ranks 7 of 35 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 657 of 1,003.

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

How home values in the Town of Olean have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$95,900 (±$5,641)	$158,600 (±$16,882)	+65.4%	Up after inflation
Median owner cost with a mortgage	$1,151 (±$164)	$1,429 (±$389)	+24.2%	No measurable change after inflation
Median real estate taxes	$3,056 (±$381)	$4,027 (±$636)	+31.8%	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.

Median home value in places near the Town of Olean

Nearest places with a published estimate, compared with the Town of Olean
Place	Distance	Median home value	Compared with this place
Town of Olean	—	$158,600 (±$16,882)	—
Olean	1.7 mi	$86,100 (±$6,087)	Lower
Weston Mills	2.7 mi	$155,300 (±$22,693)	Not measurably different
St. Bonaventure	2.8 mi	$125,300 (±$58,073)	Not measurably different
Town of Portville	3.8 mi	$118,600 (±$17,859)	Lower
Village of Allegany	3.9 mi	$164,100 (±$26,102)	Not measurably different
Village of Portville	4.8 mi	$102,900 (±$14,423)	Lower
Town of Allegany	5.9 mi	$169,400 (±$13,048)	Not measurably different
Eldred	7.6 mi	$125,900 (±$20,544)	Lower

Nearby places with a measurably lower figure: Olean, NY ($86,100), Town of Portville, NY ($118,600), Village of Portville, NY ($102,900).

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

Median home value across Cattaraugus County, place by place

Rank	Place	Median home value
1	Town of Ellicottville	$248,200 (±$52,445)
2	Town of Mansfield	$200,000 (±$29,229)
3	Town of Ashford	$194,600 (±$43,012)
4	Town of East Otto	$182,600 (±$26,914)
5	Town of Freedom	$176,900 (±$18,708)
6	Town of Allegany	$169,400 (±$13,048)
7	Town of Olean	$158,600 (±$16,882)
8	Town of Humphrey	$158,200 (±$13,310)
9	Town of Ischua	$150,700 (±$25,554)
10	Town of South Valley	$150,600 (±$71,507)
11	Town of Perrysburg	$143,800 (±$31,165)
12	Town of Otto	$141,300 (±$17,035)
13	Town of Coldspring	$133,100 (±$21,122)

Showing 13 of 35 places in Cattaraugus County, ranked from highest to lowest.

A New York town includes the villages and hamlets inside it, so the figures for the Town of Olean include them.

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 Town of Olean

What is the average home value in the Town of Olean, NY?

The Census Bureau publishes the median: $158,600 (±$16,882) for owner-occupied homes in the Town of Olean (2020–2024 American Community Survey).

Have home values in the Town of Olean gone up?

In the Town of Olean, the median home value went from $95,900 in 2015–2019 to $158,600 in 2020–2024 (+65.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in the Town of Olean sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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 town, Cattaraugus County, New York (county subdivision:54727, 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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.