House Prices

House Prices & Home Values Allegany, NY 2026


Average Data

average house price$162,860
average size per house1869 ft²
average price per ft²88 $ / ft²

04/18/2026 - The value range (VR) for house prices in Allegany, NY is $77/ sqft to $77/ sqft. An average home with 1869 sqft costs approximately $143,913 to $143,913. Allegany, NY includes 1 ZIP codes and it is located in Cattaraugus county. The lowest prices are found in ZIP 14706, while the highest are in ZIP 14706. The average price per sqare feet is $88. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Allegany

1470679 $ / ft²


House prices by neighborhoods in Allegany

Allegany (Village)83 $ / ft²
Chipmonk79 $ / ft²




Historical development of home values in Allegany

Year Estimated value (USD) Change vs. 2025
2010 $75,635 -53.6%
2011 $72,710 -55.4%
2012 $72,515 -55.5%
2013 $75,225 -53.8%
2014 $78,965 -51.5%
2015 $83,018 -49.0%
2016 $87,351 -46.4%
2017 $92,065 -43.5%
2018 $97,155 -40.3%
2019 $101,660 -37.6%
2020 $106,916 -34.4%
2021 $121,605 -25.3%
2022 $141,764 -13.0%
2023 $149,497 -8.2%
2024 $158,145 -2.9%
2025 $162,860 0.0%

Graph: estimated home values in Allegany over time (USD)



Example: 100% financing house in Allegany

Loan amount: $162,860

Interest rate: 6.00%

Fixed monthly payment: $976.43

Breakdown in the 1st month:
Interest portion: $814.30  –  Principal portion: $162.13

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,717.20 $1,999.94 $160,860.06
2 $9,593.84 $2,123.29 $158,736.77
3 $9,462.88 $2,254.25 $156,482.52
4 $9,323.85 $2,393.29 $154,089.23
5 $9,176.23 $2,540.90 $151,548.33
6 $9,019.52 $2,697.62 $148,850.71
7 $8,853.13 $2,864.00 $145,986.70
8 $8,676.49 $3,040.65 $142,946.06
9 $8,488.95 $3,228.19 $139,717.87
10 $8,289.84 $3,427.30 $136,290.57
11 $8,078.45 $3,638.68 $132,651.89
12 $7,854.03 $3,863.11 $128,788.78
13 $7,615.76 $4,101.38 $124,687.40
14 $7,362.79 $4,354.34 $120,333.06
15 $7,094.23 $4,622.91 $115,710.15
16 $6,809.10 $4,908.04 $110,802.11
17 $6,506.38 $5,210.76 $105,591.35
18 $6,184.99 $5,532.14 $100,059.21
19 $5,843.78 $5,873.36 $94,185.85
20 $5,481.52 $6,235.61 $87,950.24
21 $5,096.93 $6,620.21 $81,330.03
22 $4,688.61 $7,028.53 $74,301.50
23 $4,255.10 $7,462.03 $66,839.47
24 $3,794.86 $7,922.28 $58,917.19
25 $3,306.23 $8,410.90 $50,506.29
26 $2,787.46 $8,929.67 $41,576.61
27 $2,236.70 $9,480.43 $32,096.18
28 $1,651.97 $10,065.17 $22,031.01
29 $1,031.17 $10,685.96 $11,345.05
30 $372.09 $11,345.05 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Allegany, NY


1500 sqft3900 sqft
Ø selling price$159,720$339,768
Ø fast selling$145,200$305,792
Ø high price sale$174,240$373,745

In 2026, houses in Allegany, NY will be offered at an average price of $88 per square foot. A 1,500 sqft home priced at $159,720 is 23.55% more expensive per square foot than a 3,900 sqft home priced at $339,768. Home prices in Allegany, NY vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $235,225. Sellers who can wait longer may achieve a higher price of up to $287,497.


Discover Allegany, NY

Overview

Allegany, NY is a welcoming town in Cattaraugus County adjacent to Olean and anchored by St. Bonaventure University. Visitors and residents enjoy a small-town feel with walkable streets, local shops, and quick access to regional attractions. The location along the Allegheny River and near the Southern Tier Expressway (I-86/Route 17) makes Allegany easy to reach for weekend getaways and commuting.


Things to Do

Outdoor lovers explore nearby trails, kayak the Allegheny River, and head to Allegany State Park and the Enchanted Mountains for four-season recreation. The village?s Main Street features locally owned restaurants, craft beer, and coffee spots that highlight Western New York flavors. Culture thrives through campus arts at St. Bonaventure University, seasonal festivals, and athletics that bring the community together.


Community and Economy

Employers in education, healthcare, advanced manufacturing, and retail support a steady local economy with opportunities for entrepreneurs. The historic heritage of the area, from early settlement to canal-era commerce, is reflected in preserved architecture and community museums.


Real Estate and Quality of Life

Allegany, NY real estate offers a mix of classic village homes, student-friendly rentals, and rural properties with scenic views at competitive Western New York prices. Families value the strong school options, safe neighborhoods, and easy access to parks, making Allegany a smart choice for living, learning, and investing.



FAQ – Home Values in Allegany

What is the median home value in Allegany in 2026?

In 2026, the typical home value in Allegany is about $162,860 for an average home size of 1869 square feet. This corresponds to an average price of roughly $88 per square foot.

What is the average cost per square foot in Allegany?

In 2026, homes in Allegany sell for an average of around $88 per square foot, with a typical range between $77 and $77 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Allegany is about 1869 square feet, with an estimated 2026 value around $162,860.



Locations close to Allegany, NY

Allentown, NY82 $ / ft²
Alma, NY75 $ / ft²
Angelica, NY78 $ / ft²
Jamestown, NY74 $ / ft²
Rochester, NY209 $ / ft²
York, NY231 $ / ft²




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