Allegany County, New York: commercial real estate data.
Allegany County, New York has a population of 47,159 across 1,029 square miles, up 1.8 percent since the 2020 census base. County output reached $1.95 bn in 2024, 731 establishments operate here, and the SBA record carries 41 7(a) approvals worth $11.7 m.
128 sourced county values · tier FULL · 12 sections
Allegany County
How many people live in Allegany County
- Population47,159
- Households17,710
- Average household size2.66
- Median household income$62,869
- Median age38.7
- Median gross rent$763 per month
- Median owner-occupied home value$101,700
- Home value to household income1.6 times
- Annual rent as a share of median income14.6 percent
- Adults 25 and over with a bachelor degree or higher24.9 percent
- Adults 25 and over with a graduate degree12.0 percent
- Adults 25 and over29,722
- Population under 189,242
- Share under 1819.6 percent
- Population 65 and over9,456
- Share 65 and over20.1 percent
- Working age population, 18 to 6428,461
- Civilian labor force20,984
- Unemployment rate7.1 percent
- Labor force participation, adults 18 and over55.3 percent
- Rank by population among New York counties49th of 62
- Rank by population among US county-equivalents1057th
Allegany County is the 49th largest of 62 New York counties by population. A median home costs 1.6 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 20.1 percent against 19.6 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Allegany County
Is Allegany County growing
- Population change since the 2020 census base1.77 percent
- Census 2020 base population46,477
- Births, 2024466
- Deaths, 2024567
- Natural change, 2024-101
- Net domestic migration, 2024-10
- Net international migration, 202483
- Total net migration, 202473
- Cumulative net domestic migration, 2021 to 2024119
- Rank by growth among US county-equivalents1250th
The county has grown 1.77 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Allegany County
Where people moving to Allegany County come from
- Tax returns filed by households arriving875
- People arriving, from those returns1,592
- Adjusted gross income arriving$43.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$50,142
- Largest single originAllegany County Non-migrants (15,343 households)
- Largest single destination (15,343 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Allegany County Non-migrants | 15,343 | 31,376 | $925.5 m |
| Other flows - Different State | 308 | 574 | $16.0 m |
| Cattaraugus County | 137 | 269 | $7.3 m |
| Other flows - Same State | 128 | 235 | $6.5 m |
| Other flows - South | 110 | 196 | $5.9 m |
| Other flows - Northeast | 107 | 207 | $5.7 m |
| Steuben County | 103 | 184 | $4.1 m |
| Erie County | 91 | 150 | $4.3 m |
The largest single source of arrivals is Allegany County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Allegany County
What the Allegany County economy runs on
- County GDP, 2024$1.95 bn
- County GDP, 2023$1.79 bn
- GDP change, 2023 to 20249.2 percent
- GDP change over five years20.7 percent
- Rank by GDP among New York counties56th
- Rank by GDP among US county-equivalents1304th
- GDP per resident$41,450
Output grew 9.2 percent in the latest year and 20.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Allegany County
Who employs people in Allegany County
- Covered employment, annual average13,565
- Establishments reporting911
- Average annual pay$53,004
- Average weekly wage$1,019
- Sector 31-33, employment1,576
- Sector 31-33, average annual pay$65,814
- Sector 72, employment1,394
- Sector 72, average annual pay$21,978
- Sector 44-45, employment1,170
- Sector 44-45, average annual pay$30,645
- Sector 81, employment420
- Sector 81, average annual pay$30,032
- Sector 23, employment362
- Sector 52, employment249
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,576 | 39 | $65,814 |
| Sector 72 | 1,394 | 90 | $21,978 |
| Sector 44-45 | 1,170 | 127 | $30,645 |
| Sector 81 | 420 | 96 | $30,032 |
| Sector 23 | 362 | 69 | $70,678 |
| Sector 52 | 249 | 29 | $121,568 |
| Sector 42 | 245 | 16 | $79,834 |
| Sector 54 | 242 | 56 | $68,899 |
The largest sector is the biggest private employer group at 1,576 jobs, 11.6 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Allegany County
What businesses operate in Allegany County
- Establishments, all industries731
- Employment at those establishments10,181
- Annual payroll$420.1 m
- Establishments per 1,000 residents15.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Allegany County
What is being built in Allegany County
- Housing units authorised by permit, 202475
- Declared construction value permitted$9.6 m
- Single family units authorised75
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$127,541
- Units authorised per 1,000 households4.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Allegany County
How much SBA lending happens in Allegany County
- 7(a) approvals recorded41
- 7(a) gross approval dollars$11.7 m
- Average 7(a) approval$285,363
- Median 7(a) approval$50,000
- 10th percentile approval$20,000
- 90th percentile approval$725,000
- Largest single approval$4,429,000
- Jobs reported supported, 7(a)351
- Jobs per approval8.6
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals29
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer19.5 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter32
- Franchise loans1
- Franchise share of approvals2.4 percent
- Leading industry by approval countGeneral Freight Trucking, Local (4)
- Most active lenderManufacturers and Traders Trust Company (15)
- 504 approvals recorded1
- 504 gross approval dollars$178,000
- Average 504 approval$178,000
- Median 504 approval$178,000
- Distinct CDCs active1
- 504 jobs per approval2.0
- 504 jobs per million dollars approved11.2
- Most active CDCEmpire State Certified Development Corporation (1)
- 7(a) share of SBA approvals97.6 percent
- Combined SBA approval dollars$11.9 m
The average approval of $285,363 sits well above the median of $50,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 19.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Allegany County
Do SBA loans in Allegany County get paid back
- Loans with a final outcome recorded10
- Paid in full9
- Charged off1
- Charge off rate on resolved loans10.0 percent
- Status: Paid in full9
- Status: Exempt from disclosure22
- Status: Cancelled6
- Status: Charged off1
- Status: Committed, not yet disbursed3
Of the 10 loans that have reached a final outcome, 10.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
Which parts of Allegany County get the lending
- Places in the county with recorded lending18
- Cuba, approvals10
- WELLSVILLE, approvals6
- BLACK CREEK, approvals3
- Alfred Station, approvals3
- Belmont, approvals2
- BOLIVAR, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Cuba | 10 | $4,605,000 |
| WELLSVILLE | 6 | $4,796,600 |
| BLACK CREEK | 3 | $165,000 |
| Alfred Station | 3 | $254,900 |
| Belmont | 2 | $33,000 |
| BOLIVAR | 2 | $50,000 |
| ALMOND | 2 | $225,000 |
| FRANKLINVILLE | 2 | $91,100 |
Cuba accounts for 10 approvals against 6 in WELLSVILLE. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
How big is Allegany County
- Land area1,029 sq mi
- Rank by land area among New York counties16th of 62
- Width, east to west30 mi
- Height, north to south36.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land46
- Establishments per square mile0.71
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Allegany County
What hazards affect Allegany County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book39
- Of those, participating in the NFIP39
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Allegany County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Allegany County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population47,159
- Households17,710
- Average household size2.66
- Median household income$62,869
- Median age38.7
Common questions
Allegany County questions, answered from the record.
How many people live in Allegany County, New York?
47,159, in 17,710 households, ranking 49th of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Allegany County growing?
The population has grown 1.77 percent since the 2020 census base. In 2024 there were 466 births against 567 deaths, with net migration of 73. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Allegany County?
$62,869. The median owner-occupied home is valued at $101,700, which is 1.6 times income, and median gross rent is $763 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Allegany County?
731 establishments, employing 10,181 people with an annual payroll of $420.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Allegany County?
Average annual pay is $53,004, or $1,019 a week, across 13,565 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Allegany County?
41 7(a) approvals totalling $11.7 m since FY2020, across 15 lenders, with a median approval of $50,000, plus 1 504 approvals worth $178,000. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Allegany County get paid back?
Of the 10 loans that have reached a final outcome, 9 were paid in full and 1 charged off, a charge off rate of 10.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Allegany County?
75 housing units were authorised by permit in 2024, with a declared construction value of $9.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Allegany County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Allegany County come from?
The largest single origin is Allegany County Non-migrants, with 15,343 households. Arriving households report an average income of $50,142 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Allegany County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Allegany County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.