Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$141,748+6.7% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 8% have cut their price
Income needed to buy, per year$30,728About 0.5× the local median income ($61,154): affordable for a typical household
Days on market64 daysFaster than a year ago: sellers have the edge
The typical home in Allegany County, NY is worth $141,748, up 6.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $121,783, so the area is 16.4% overvalued. It is a seller's market: homes take about 64 days to sell, listings are down 3% from a year ago, 8% of listings have had a price cut. A household needs about $30,728 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,154. In the latest IRS figures, 69 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$141,748
Change in 1 year
+6.7%
Overvalued %
+16.4%
Show 6 more
Fair home value
$121,783
Change in 5 years
+33.5%
Home value to income
2.3×
Monthly mortgage payment (20% down)
$768
Income needed to afford it
$30,728
Property tax rate
2.92%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
−3.0%
Days on market
64
Listings with a price cut
8.2%
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Homes for sale
128
Pending sales per 100 listings
95
Asking price per sq ft
$103
People and jobs
Median household income
$61,154
Population change (1 year)
−0.0%
Unemployment rate
7.1%
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Population
46,800
Income adjusted for cost of living
$66,762
Net moves in (IRS)
−69
Cost of living (US = 100)
91.6
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
69.8
Flood risk score
84.6
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Wildfire risk score
19.7
Walkability (1 to 20)
5.6
Road, rail and air noise
54 dB
Questions people ask
Is Allegany County, NY overvalued?
Home prices in Allegany County, NY are well above what local incomes have historically supported: fair value is about $121,783, so the area is 16.4% overvalued.
Is Allegany County, NY a buyer's or seller's market?
Allegany County, NY is a seller's market: homes take about 64 days to sell, listings are down 3% from a year ago, 8% of listings have had a price cut.
Are home prices going down in Allegany County, NY?
Home values in Allegany County, NY are up 6.7% over the last year.
How much do you need to earn to buy a home in Allegany County, NY?
A household needs about $30,728 a year to afford the typical home in Allegany County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,154.