Market Overview
Home Prices in Olean, MO
The median home value in Olean, MO is $271,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olean are priced34% below average.
Price History
Olean Home Price Trend
2024
$246,750
$247K
—
2025
$259,792
$260K
+5.3%
2026
$271,314
$271K
+4.4%
City Comparison
Olean vs. National Median
🏠 Olean
$271,314
National Median
$410,000
At $271,314, homes in Olean cost 34% below the national median of $410,000. This makes Olean a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olean?
20% Down Payment
$54,263
on $271,314
Monthly P&I
$1,415/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,797/mo
incl. taxes & insurance
Income Needed
$71,880
gross annual (30% rule)
10% Down Option
$27,131
+ PMI applies
Loan Amount (20% dn)
$217,051
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Olean, MO?
The median home value in Olean is $271,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Olean?
Over the past year, home values in Olean have increased by 4.4%.
How much do I need to earn to buy a home in Olean?
To comfortably afford the median home price of $271,314 with a 20% down payment ($54,263) at today's rates (6.8%), you'd need a gross annual income of approximately $71,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Olean compare to the national average home price?
The national median home value is approximately $410,000. At $271,314, homes in Olean are 34% below the national average.