Olean, NY Real Estate Market 2026

Investor-grade market analytics for Olean, New York. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$154,235

+2.1% year-over-year

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

❄️
Cooling
3.7mo supply · Score -2/7

Migration: Top 49% nationally

Income Migration

➡️ Neutral1.10x

In-migrants avg $49,096 AGI vs out-migrants $44,702

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Opportunity Zone Market

5 ZIP codes in Olean are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Olean Market Summary

Olean, NY shows steady growth at 2.1% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 2.65x, below the national average of 4.8x. Modest net positive migration (+2 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure.

Affordability

Affordability Score100/100
Price-to-Income Ratio2.6x (national avg 4.8x)
Median Household Income$58,248

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Olean, NY's primary climate exposure is flooding (50/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Olean dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.