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Allegany County

Learn about the people, housing, costs and businesses in Allegany County County

Median Home$109,586
Median Rent$779/month
Population47,159
Leading IndustryPublic Administration35% of local workforce
Home Value Growth⬆⬆+19.7% over 2 years
Young Adults32% of residentswell above average
Homeowners79% of occupied units
NotableAffordable Market$110k median home · lower cost than 90% of the country
Allegany County
NY

Frequently Asked Questions

What are today's mortgage rates in Allegany County?

As of today, the 30-year fixed mortgage rate for Allegany County is approximately 7.256% (7.292% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Allegany County
What is the median home price in Allegany County?

The median home value in Allegany County is $110k. The median monthly rent is $779. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Allegany County?

Home values in Allegany County have increased 19.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Allegany County?

Based on a typical all-in ownership cost of $788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allegany County is $64k/year.

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What industries drive the economy in Allegany County?

The largest employment sectors in Allegany County are public administration (35%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas