Olean

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Olean, NY Area Guide

Avg Rent

$815

Population

13,881

Renter Mix

47% Rent

Small-town living with breathtaking mountain views

Peaceful Mountains Architecture Businesses

Once a hub of 20th century oil and timber industries, Olean is a quiet small town in the southwest corner of New York. The largest city in Cattaraugus County, Olean is a sleepy little city that’s provided with some truly amazing views. Colonial Revival homes overlook Victorian mansions, which overlook the namesake creek and mountains in the distance.

There are plenty of family-owned businesses in Olean, as well as all the requisite big-box stores to take care of any need. Alleghany National Forest makes for a popular outdoor destination that’s just minutes from the city. There’s miles of hiking trails and picturesque camping sites to explore.

Sometimes called “Little Buffalo,” Olean is making a push for revitalizing the city center. With its relative affordability, beautiful surroundings, and comforting atmosphere, it’s a great place to settle down.

Demographics

Median Household Income

$47,105

Average: $62,262

Education

2,939

Residents Have a Degree

Job Market

6,414

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

41 Years

Largest Age Group

25-34 Years

Approximately 13% of Residents

Under 20

23%

Over 65

21%

Housing Distribution

Olean has more homeowners than renters.

Renters
47%
Non-Renters
53%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
18%
Other Education
82%

Rent Trends

As of May 2026, the average apartment rent in Olean, NY is $938 for a studio, $815 for one bedroom, $1,214 for two bedrooms, and $529 for three bedrooms. Apartment rent in Olean has increased by 1.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$815/month
113 Sq Ft
See Rental Market Trends in Olean, NY

Getting Around

Fairly Walkable

Walkability

40 / 100

Minimal Public Transit

Transit

10 / 100

Exceptionally Drivable

Drivability

90 / 100

Somewhat Bikeable

Bikeability

20 / 100

Schools

Olean Middle School

Public

Grades K-12

533 Students

East View Elementary School

Public

Grades PK-5

346 Students

Washington West Elementary School

Public

Grades PK-5

284 Students

Olean Senior High School

Public

Grades 6-12

668 Students

Olean Middle School

Public

Grades K-12

533 Students

Olean Senior High School

Public

Grades 6-12

668 Students

Olean Middle School

Public

Grades K-12

533 Students

Points of Interest

Parks and Recreation

  • Pfeiffer Nature Center
  • Nine Mile State Forest

Top Apartments in Olean

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.