Market Overview
Home Prices in Olcott, NY
The median home value in Olcott, NY is $212,251 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olcott are priced48% below average. Olcott is part of the Buffalo-Cheektowaga, NY metro area.
Over the past five years, Olcott home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Olcott Home Price Trend
City Comparison
Olcott vs. National Median
At $212,251, homes in Olcott cost 48% below the national median of $410,000. This makes Olcott a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olcott?
20% Down Payment
$42,450
on $212,251
Monthly P&I
$1,107/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,406/mo
incl. taxes & insurance
Income Needed
$56,240
gross annual (30% rule)
10% Down Option
$21,225
+ PMI applies
Loan Amount (20% dn)
$169,801
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 Olcott, NY?
The median home value in Olcott is $212,251 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Olcott?
Over the past year, home values in Olcott have increased by 8.2%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Olcott?
To comfortably afford the median home price of $212,251 with a 20% down payment ($42,450) at today's rates (6.8%), you'd need a gross annual income of approximately $56,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Olcott compare to the national average home price?
The national median home value is approximately $410,000. At $212,251, homes in Olcott are 48% below the national average.
What metro area is Olcott part of?
Olcott is part of the Buffalo-Cheektowaga, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.