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

Olean, NY has a median modeled monthly cash flow of $154 and a median cap rate of 7.7%, on a median sold price of $122,500. Prices changed -0.6% year over year.

What is the average cap rate in Olean, NY?

The median cap rate across recently sold homes in Olean, NY is 7.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Olean, NY?

The median sold price in Olean, NY is $122,500 (about $78 per square foot).

Investing in Olean, NY Real Estate

#158 cash-flow market in the U.S.

A data-driven snapshot of the Olean, 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.

$122,500Median sold price

$78Median $/sqft

7.7%Median cap rate

$154Modeled cash flow / mo

-0.6%Appreciation YoY

18.8Months of supply

186Active listings

119Sold (last 12 mo)

What the Olean numbers say

In Olean, NY, the median home sold for $122,500 (about $78 per square foot), and the typical deal models out to a 7.7% cap rate with a median $154 of monthly cash flow. Sold prices moved -0.6% over the past year. Inventory sits at about 18.8 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 Olean cash-flowing listings

CashFlowRE ranks every for-sale home in Olean, 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 Olean deals, or browse the national market data.