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Real Estate Prices & Overview

East Olean / Seneca Heights median real estate price is $180,652, which is less expensive than 87.8% of New York neighborhoods and 80.8% of all U.S. neighborhoods.

The average rental price in East Olean / Seneca Heights is currently $1,004, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.7% of New York neighborhoods.

East Olean / Seneca Heights is a suburban neighborhood (based on population density) located in Olean, New York.

East Olean / Seneca Heights real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the East Olean / Seneca Heights neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in East Olean / Seneca Heights are 5.9%, which is lower than one will find in 60.2% of American neighborhoods. Demand for real estate in East Olean / Seneca Heights is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Olean, the East Olean / Seneca Heights neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The East Olean / Seneca Heights neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the East Olean / Seneca Heights neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 74.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the East Olean / Seneca Heights neighborhood has more Lebanese and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Lebanese ancestry and 4.5% have Swedish ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the East Olean / Seneca Heights neighborhood in Olean are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.4% of U.S. neighborhoods. With 23.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.3% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the East Olean / Seneca Heights neighborhood, 55.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 17.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.7%), and 10.9% in manufacturing and laborer occupations.

Languages

The most common language spoken in the East Olean / Seneca Heights neighborhood is English, spoken by 95.3% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the East Olean / Seneca Heights neighborhood in Olean, NY, residents most commonly identify their ethnicity or ancestry as Irish (20.3%). There are also a number of people of German ancestry (19.4%), and residents who report Italian roots (10.4%), and some of the residents are also of English ancestry (9.9%), along with some Swedish ancestry residents (4.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in East Olean / Seneca Heights neighborhood spend under 15 minutes commuting one-way to work (74.4% of working residents), one of the shortest commutes across America.

Here most residents (81.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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