Olean, NY Metro Area - Investment Guide
Metro Area • 26 Cities • 26 ZIP Codes
Avg Home Value
$185,939
Avg Monthly Rent
$922
Avg Cap Rate
4.11%
Avg Investability
3.0 ★
Cities
26
ZIP Codes
26
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Olean, NY Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
7.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Olean, NY
Every ZIP in the metro, ranked four ways. Free.
Cities in Olean, NY
Allegany
New York
1 ZIPs
Arcade
New York
1 ZIPs
Cattaraugus
New York
1 ZIPs
Conewango Valley
New York
1 ZIPs
Cuba
New York
1 ZIPs
Delevan
New York
1 ZIPs
East Otto
New York
1 ZIPs
Ellicottville
New York
1 ZIPs
Farmersville Station
New York
1 ZIPs
Franklinville
New York
1 ZIPs
Freedom
New York
1 ZIPs
Frewsburg
New York
1 ZIPs
Gowanda
New York
1 ZIPs
Great Valley
New York
1 ZIPs
Hinsdale
New York
1 ZIPs
Kill Buck
New York
1 ZIPs
Limestone
New York
1 ZIPs
Little Valley
New York
1 ZIPs
Machias
New York
1 ZIPs
Olean
New York
1 ZIPs
Perrysburg
New York
1 ZIPs
Portville
New York
1 ZIPs
Randolph
New York
1 ZIPs
Salamanca
New York
1 ZIPs
West Valley
New York
1 ZIPs
Yorkshire
New York
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 14737 | Franklinville | NY | $154,970 | $900 | 4.53% | |
| 14779 | Salamanca | NY | $104,941 | $882 | 6.56% | |
| 14753 | Limestone | NY | $107,778 | $873 | 6.32% | |
| 14779 | Salamanca | NY | $112,653 | $882 | 6.11% | |
| 14760 | Olean | NY | $117,619 | $936 | 6.21% | |
| 14779 | Salamanca | NY | $104,941 | $882 | 6.56% | |
| 14760 | Olean | NY | $121,641 | $936 | 6.00% | |
| 14779 | Salamanca | NY | $107,110 | $882 | 6.42% | |
| 14726 | Conewango Valley | NY | $143,401 | $1,161 | 6.32% | |
| 14779 | Salamanca | NY | $113,601 | $882 | 6.06% | |
| 14760 | Olean | NY | $117,678 | $936 | 6.20% | |
| 14737 | Franklinville | NY | $154,970 | $900 | 4.53% | |
| 14726 | Conewango Valley | NY | $148,809 | $1,161 | 6.09% | |
| 14779 | Salamanca | NY | $101,839 | $882 | 6.76% | |
| 14753 | Limestone | NY | $107,778 | $873 | 6.32% | |
| 14726 | Conewango Valley | NY | $143,401 | $1,161 | 6.32% | |
| 14755 | Little Valley | NY | $167,925 | $873 | 4.06% | |
| 14760 | Olean | NY | $117,619 | $936 | 6.21% | |
| 14101 | Machias | NY | $211,244 | $1,053 | 3.89% | |
| 14748 | Kill Buck | NY | $154,332 | $873 | 4.41% | |
| 14719 | Cattaraugus | NY | $162,969 | $873 | 4.18% | |
| 14772 | Randolph | NY | $153,867 | $873 | 4.43% | |
| 14042 | Delevan | NY | $187,005 | $936 | 3.90% | |
| 14060 | Farmersville Station | NY | $149,613 | $918 | 4.79% | |
| 14738 | Frewsburg | NY | $171,840 | $963 | 4.37% | |
| 14129 | Perrysburg | NY | $198,926 | $954 | 3.74% | |
| 14753 | Limestone | NY | $117,938 | $873 | 5.77% | |
| 14726 | Conewango Valley | NY | $141,961 | $1,161 | 6.38% | |
| 14727 | Cuba | NY | $152,173 | $954 | 4.89% | |
| 14065 | Freedom | NY | $185,288 | $909 | 3.83% | |
| 14741 | Great Valley | NY | $216,324 | $900 | 3.25% | |
| 14171 | West Valley | NY | $228,570 | $873 | 2.98% | |
| 14755 | Little Valley | NY | $178,006 | $873 | 3.83% | |
| 14760 | Olean | NY | $125,930 | $825 | 5.11% | |
| 14729 | East Otto | NY | $217,510 | $873 | 3.13% | |
| 14070 | Gowanda | NY | $151,758 | $882 | 4.53% | |
| 14743 | Hinsdale | NY | $143,374 | $981 | 5.34% | |
| 14706 | Allegany | NY | $206,969 | $936 | 3.53% | |
| 14770 | Portville | NY | $149,947 | $873 | 4.54% | |
| 14009 | Arcade | NY | $223,989 | $981 | 3.42% | |
| 14731 | Ellicottville | NY | $389,302 | $900 | 1.80% | |
| 14101 | Machias | NY | $191,009 | $1,053 | 4.30% | |
| 14748 | Kill Buck | NY | $130,298 | $873 | 5.23% | |
| 14129 | Perrysburg | NY | $181,238 | $954 | 4.11% | |
| 14719 | Cattaraugus | NY | $170,889 | $873 | 3.98% | |
| 14772 | Randolph | NY | $163,197 | $873 | 4.17% | |
| 14042 | Delevan | NY | $201,713 | $936 | 3.62% | |
| 14737 | Franklinville | NY | $155,154 | $900 | 4.52% | |
| 14060 | Farmersville Station | NY | $163,337 | $918 | 4.38% | |
| 14738 | Frewsburg | NY | $174,097 | $963 | 4.31% |
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About Olean, NY Real Estate Market
The Olean, NY metropolitan statistical area (MSA) encompasses 26 cities and 26 ZIP codes. The average home value across the metro is $185,939, with an average monthly rent of $922. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.