Olean, NY Real Estate
According to census data in the year 2000 there were 7,121 housing units in Olean.
This represents a 3.1% decline from 7,351 in 1990.
Of those housing units, 7,121 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Olean is about 58.8%.
Olean's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Olean were built after 1939.
|Housing Units by Size|
|Five Bedrooms or more||3.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.45|
|Median year structure was built||1939|
|Median Value of occupied units||$58,900|
|Median Price asked for vacant units||$26,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.06|
|Median year structure was built||1940|
|Median Monthly Rent asked for vacant units||$365|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||7.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.6%|