Much like its nearby areas, it is significantly less expensive compared to the US as a whole. Compared to the city of Buffalo however, it is a bit more expensive.
Home prices
The median home value in Olcott is $110,100. This is is very similar compared to other places in this area.Compared to the nation as a whole it is roughly $107,400 (49%) lower, and compared to the city of Buffalo is approximately $20,300 (22%) higher.
Rents
Olcott's median monthly rent is $842. It is about $132 (18%) higher compared to nearby areas.It is about $220 (20%) lower in comparison to the rest of the country, and in comparison to the city of Buffalo is about $66 (8%) higher.
Nearby places
Newfane
Newfane is roughly 2 miles south of Olcott. The real estate prices there are a little less expensive. The median home in Newfane is valued at $95,900, which comes out to $14,200 (14%) lower than Olcott. Rent there is somewhat less expensive. The median monthly rent in Newfane is $718, which works out to $124 (17%) lower than Olcott.
Wilson
Wilson is roughly 5 miles west from Olcott. Housing prices there are similar. The median home value in Wilson is $108,300, which comes out to $1,800 (1%) lower than Olcott. Rents there are a lot less expensive. In Wilson the median monthly rent is $628, which is $214 (34%) lower than Olcott.
Barker
Barker is about 6 miles east of Olcott. Its real estate prices are a bit less expensive. The price of the median home in Barker is $101,100, which comes out to $9,000 (8%) lower than Olcott. Rent there is a lot less expensive. Barker's median monthly rent is $458, which works out to $384 (83%) lower than Olcott.
Lockport
Lockport is approximately 10 miles south of Olcott. The housing prices there are somewhat less expensive. The median home in Lockport is valued at $93,000, which is $17,100 (18%) lower than Olcott. Rent there is a bit less expensive. In Lockport the median monthly rent is $696, which comes out to $146 (20%) lower than Olcott.
Ransomville
Ransomville is approximately 10 miles southwest of Olcott. The real estate prices there are a bit more expensive. The median home in Ransomville costs $148,400, which works out to $38,300 (25%) higher than Olcott. The rent there is somewhat more expensive. The median monthly rent in Ransomville is $1,049, which comes out to $207 (19%) higher than Olcott.
