Allegany County, New York Housing Market
In Allegany County, New York, the median home value is $101,700, with a median monthly rent of $763. This places Allegany County at #2895 nationally out of 3134 counties by median home value, and #62 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $944
- Establishments: 789
- BLS QCEW, 2025
Housing Supply
- Single-family: 97
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,526 (avg $59,626)
- Outflow: 15,764 (avg $59,965)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Allegany County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 14437 | 239.6 | +8.38% | 2025 |
| 2 | 14895 | 260.4 | +4.47% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Allegany County Compares
| Metric | Allegany County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $101,700 | $281,200 | $227,706 |
| Median Gross Rent | $763 | $1,168 | $968 |
| Owner Occupancy Rate | 79.3% | 69.3% | 73.3% |
| Price/Rent Ratio | 11.1 | 18.4 | 18.7 |
Market Analysis
The median home value in Allegany County is 63.8% below the New York state average and 55.3% below the U.S. national average. The median rent of $763/month is 34.7% below the state average.
With a price-to-rent ratio of 11.1, buying a home in Allegany County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Allegany County has an owner-occupancy rate of 79.3%, compared to 69.3% in New York and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Montgomery County | Kansas | $101,700 | $761 |
| Hodgeman County | Kansas | $101,600 | $941 |
| Catahoula Parish | Louisiana | $101,800 | $821 |
| Norton County | Kansas | $101,500 | $609 |
| Franklin County | Mississippi | $101,900 | $725 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Cattaraugus County | $113,100 | $770 | 75.2% |
| St. Lawrence County | $121,900 | $818 | 71.9% |
| Chautauqua County | $127,900 | $812 | 68.9% |
| Steuben County | $137,900 | $894 | 73.3% |
| Chenango County | $137,900 | $875 | 75.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).