Real Estate Investing in Ellicottville, New York (14731)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14731 (Ellicottville, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 76.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 36.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellicottville, NY (14731)?
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Market Analysis: 14731 Ellicottville
Not every below-median market is a bargain. Ellicottville's 14731 ZIP records signals that favor experienced operators who can absorb the risk $395K pricing implies.
Rent of $900/mo on a $395K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 14731 sits below the stated 0.0% once reality is priced in.
In the broader NY picture, 14731 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 14731 includes headwinds that any investor should price in. Income distribution skews lower than Ellicottville averages, and tenant stability requires active management.
Strategy in 14731 is an operator game, not a passive one. Looking more closely, entry prices of $395K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ellicottville:
Property Strategy for 14731
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $132,500 | $780 | 4.2% | +7.5% | $132,500 |
| 2BR | $169,624 | $1,000 | 4.2% | +7.0% | $84,812 |
| 3BR | $435,143 | $1,220 | 2.0% | +11.4% | $145,048 |
| 4BR | $528,748 | $1,410 | 1.9% | +10.7% | $132,187 |
| 5BR | $714,534 | — | — | +10.6% | $142,907 |
Market Trends
Home Value History (with trend line)
📊 How Does 14731 Compare?
| Metric | 14731 | Ellicottville | Olean, NY | New York |
|---|---|---|---|---|
| Home Value | $395,316 | $395,316 | N/A | $505,608 |
| 5-Year CAGR | 8.5% | 8.5% | N/A | 6.6% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14731 (Ellicottville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $395,316 |
| Monthly Rent | $900 |
| Price-to-Rent | 36.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14731
Population: 1,198
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 14731
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is Ellicottville, NY a good market for buy-and-hold investors?
Ellicottville, NY scores 3.0/5 for investability. Home values sit at $395K and rents near $900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are homes affordable in Ellicottville, NY?
Typical homes in Ellicottville, NY go for around $395K. The 5-year CAGR of 0.0% stable price movement.
How strong are rents in Ellicottville, NY?
Expect rents around $900/mo per month in Ellicottville, NY. With home values at $395K, the yield math works out to reasonable levels for rental investors.
Is vacancy a concern in Ellicottville, NY?
Ellicottville, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the smart move for investors in Ellicottville, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Ellicottville, NY. With home values at $395K and rents near $900/mo, other strategies can work but produce stable rather than outsized returns.
You know 14731 now. You don’t know where it ranks.
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How 14731 ranks in Olean, NY
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