Real Estate Investing in Allegany, New York (14706)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14706 (Allegany, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Allegany, NY (14706)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14706 Allegany
The 14706 ZIP covers a section of Allegany that demands careful diligence. Prices near $207K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 14706 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 14706 sits on the difficult end of the NY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 14706 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Allegany's stable or hybrid ZIPs before stepping into 14706. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Allegany:
Property Strategy for 14706
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $143,542 | $1,040 | 5.2% | +10.3% | $71,771 |
| 3BR | $194,732 | $1,270 | 4.7% | +9.6% | $64,911 |
| 4BR | $247,214 | $1,470 | 4.3% | +9.3% | $61,803 |
| 5BR | $294,168 | — | — | +9.4% | $58,834 |
Market Trends
Home Value History (with trend line)
📊 How Does 14706 Compare?
| Metric | 14706 | Allegany | Olean, NY | New York |
|---|---|---|---|---|
| Home Value | $206,969 | $206,969 | N/A | $505,608 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 6.6% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14706 (Allegany, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14706 (Allegany, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $206,969 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.5%). 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 14706
Population: 6,118
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 14706
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What type of investing works in Allegany, NY?
Most investors in Allegany, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are rents high in Allegany, NY?
Average rent in Allegany, NY is approximately $936/mo per month. Against $207K home values that yields a reasonable rent-to-price ratio.
Are tenants stable in Allegany, NY?
The tenant pool in Allegany, NY is solid, supported by local employment and population fundamentals. Rents of $936/mo are well-absorbed by the market.
Is NY a landlord-friendly state?
NY law tenant-protective for landlords, and Allegany inherits those rules. Investors should still review local ordinances for rental licensing.
Can I live-in-and-rent in Allegany, NY?
Allegany, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $936/mo rent level.
You know 14706 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14706 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 14706 ranks in Olean, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 14706 (Allegany)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 14706 (Allegany, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.