Is Allegany, NY a good place to invest in rental property?

Allegany, NY has a median modeled monthly cash flow of $-612 and a median cap rate of 3.1%, on a median sold price of $165,000. Prices changed -8.4% year over year.

What is the average cap rate in Allegany, NY?

The median cap rate across recently sold homes in Allegany, NY is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Allegany, NY?

The median sold price in Allegany, NY is $165,000 (about $109 per square foot).

Investing in Allegany, NY Real Estate

A data-driven snapshot of the Allegany, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$165,000Median sold price

$109Median $/sqft

3.1%Median cap rate

$-612Modeled cash flow / mo

-8.4%Appreciation YoY

7.5Months of supply

23Active listings

37Sold (last 12 mo)

What the Allegany numbers say

In Allegany, NY, the median home sold for $165,000 (about $109 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-612 of monthly cash flow. Sold prices moved -8.4% over the past year. Inventory sits at about 7.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Allegany cash-flowing listings

CashFlowRE ranks every for-sale home in Allegany, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Allegany deals, or browse the national market data.