Allegany County, New York home prices
Typical home $141,748 · +6.7% in a year · property tax 2.92%
The typical home in Allegany County is worth $141,748, 73% less than the New York typical home ($524,942). Values changed +6.7% in the past year and +33.5% over five years. Homeowners here pay a median 2.92% of their home's value in property tax each year ($4,137 on the typical home), versus 1.42% statewide.
Mortgage on the typical Allegany County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $28,350 | $113,398 | $763 | $0 | $416 | $1,178 | $50,500 |
| 10% down | $14,175 | $127,573 | $858 | $53 | $416 | $1,327 | $56,900 |
| 5% down | $7,087 | $134,660 | $906 | $56 | $416 | $1,378 | $59,000 |
| 3.5% down (FHA) | $4,961 | $139,180 | $936 | $63 | $416 | $1,415 | $60,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.92% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New York.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saint Lawrence County | $149,753 | +6.4% | 2.33% |
| Chemung County | $166,618 | +6.6% | 2.45% |
| Chenango County | $166,867 | +8.2% | 2.26% |
| Cattaraugus County | $168,287 | +4.6% | 2.64% |
| Steuben County | $172,442 | +4.1% | 2.46% |
| Franklin County | $178,454 | +7.6% | 1.68% |
| Chautauqua County | $180,657 | +4.8% | 2.27% |
| Lewis County | $198,555 | +4.7% | 1.62% |
| Broome County | $201,781 | +6.7% | 2.52% |
| Herkimer County | $204,078 | +6.2% | 2.1% |
Frequently asked questions
What is the average home price in Allegany County, NY?
The typical home value in Allegany County is $141,748 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Allegany County?
About $50,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Allegany County?
The median effective rate is 2.92% of home value a year (Census ACS 2024 5-year estimates).