Ellicottville, NY—14731
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellicottville, NY
As of Nov '25, the median home price in Ellicottville, NY is $389,000, with a year-over-year change of 1.4%. This indicates that home prices in Ellicottville, NY are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 1.4% |
| Single Family | $404,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $132,000 | -4.3% |
2 Bed | $171,000 | -2.8% |
3 Bed | $432,000 | 0.0% |
4 Bed | $522,000 | 0.4% |
| 5 Bed | $696,338 | -2.5% |
% of Housing Stock
Rental Trends — Ellicottville, NY
Ellicottville, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ellicottville, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Ellicottville, NY is 86. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $351,000 | 4.0% |
Listing Count | 105 | 15.0% |
| Listings as % of Homes | 1.8% | 15.0% |
Days on Market | 86 | -1.0% |
Demographics — Ellicottville, NY
As of the latest ACS Survey released in 2023, Ellicottville, NY has a population of 1,200, which has increased by 7.4% over the past 5 years. Ellicottville, NY is a less popular place for families, as children make up 12.7% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,200 | 7.4% |
% Under 18 | 12.7% | -13.6% |
% Seniors | 32.1% | 14.2% |
% WFH | 7.2% | 227.3% |
% w/ College Degree | 37.0% | 12.5% |
As of the latest ACS Survey released in 2023, Ellicottville, NY is a predominantly white area, with 97.3% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Ellicottville, NY is hispanic, making up 1.5% of the population. Foreign-born residents account for 5.2% of the population in Ellicottville, NY, and this percentage has increased by 20.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.3% | 3.1% |
% Black | 0.1% | ∞% |
% Hispanic | 1.5% | -16.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 5.2% | 20.9% |
Mortgage and Risk — Ellicottville, NY
According to HUD data as of 2023, there were 61 mortgage originations in Ellicottville, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Ellicottville, NY. Investor activity is low, as 2.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 61 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 52.0% |
% Cash Out Refinance | 3.0% |
Rentals and Section 8 — Ellicottville, NY
Ellicottville, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Ellicottville, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $389,000 |
| Median Household Income | $64,100 |