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City · 5,846 residents · Cattaraugus County, New York

Salamanca , New York

In Salamanca, a typical home is worth $80,900 and typical rent is $688 a month. Compared with all of Cattaraugus County, typical household income is 30% lower, the typical home value is 28% lower, and the share of households that own their home is 21 points lower.

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  • Typical home value

    $80,900

    28% below the county

    81% below New York

    • Salamanca
    • Cattaraugus
    • New York

  • Typical rent

    $688a month

    11% below the county

    58% below New York

    • Salamanca
    • Cattaraugus
    • New York

  • Typical household income

    $41,667a year

    30% below the county

    52% below New York

    • Salamanca
    • Cattaraugus
    • New York

  • Households that own their home

    55%

    21 points below the county

    About the same as New York

    • Salamanca
    • Cattaraugus
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Salamanca is in Cattaraugus County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cattaraugus County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Salamanca apart

What this place has that others do not, from public data, most unusual first.

  1. Salamanca has the lowest typical rent of the 333 cities in New York with more than 5,000 people: $688.

  2. Salamanca has the lowest typical home value of the 348 cities in New York with more than 5,000 people: $80,900.

  3. Salamanca has the 5th lowest typical household income of the 350 cities in New York with more than 5,000 people ($41,667).

  4. 55% of households in Salamanca own their home, against 75% in Cattaraugus County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Salamanca

What homes there are in Salamanca, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Salamanca, but it weighs less than in Cattaraugus County: 60% against 70%.

Year built

The typical home in Salamanca was built before 1940, the oldest group the Census tells apart; 76% of homes date from before 1960.

There are fewer big homes in Salamanca than in Cattaraugus County: 59% have 3 bedrooms or more, against 64%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

By rent, most homes in Salamanca cost less than HUD's 2-bedroom fair market rent ($1,014): about 84%.

With a mortgage

$909 a month

Cattaraugus County: $1,263 a month

Without a mortgage

$421 a month

Cattaraugus County: $544 a month

Owners with a mortgage

42%

Cattaraugus County: 43%

Owning costs less in Salamanca: with a mortgage, the typical cost is $909 a month; in Cattaraugus County, $1,263. Without one, $421.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Cattaraugus County, the typical home value in Salamanca rose 26% since 2015–2019.

Since 2015–2019, the typical rent in Salamanca did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSalamancaCattaraugus CountyNew YorkUnited States
Rental vacancy Unreliable estimate8.3%3.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate1.8%5.3%3.4%
People per household 2.322.292.492.53
Drive alone 69%76%49%69%
Carpool 17%9%6%9%
Public transit Unreliable estimateUnreliable estimate22%3%
Walk or bike 10%5%6%3%
Work from home 4%8%15%15%
Other means Unreliable estimate2%2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Much as in Cattaraugus County, a household in Salamanca has 2.32 people on average.

Carpooling is common in Salamanca: 17% of workers get to work that way, against 9% in Cattaraugus County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Salamanca?

A typical home is within reach of the typical income

We start with a typical home in Salamanca, worth $80,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Salamanca, which is $41,667 a year.

The calculator's FHA and conventional loan limits are those of all of Cattaraugus County.

Your numbers

Local data
$

Starts at the typical home value in Salamanca. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $2,832 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$744

at 7.18% · 30 years

Loan amount
$79,434
Total interest
$114,287
Paid off in
November 2056

Includes $1,366 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $972 a month

    Your payment · 21%

  • Tight

    $972 to $1,250 a month

  • Hard

    more than $1,250 a month

Compared with the typical household income in Salamanca ($41,667 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$744
Principal & interest$538
Property tax$136
Home insurance$34
FHA mortgage insurance (MIP)$36

You need at least $2,832 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Salamanca and Cattaraugus County

Salamanca is in Cattaraugus County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Salamanca's own numbers

Typical home value
$80,900
Typical monthly rent
$688
Typical yearly household income
$41,667
Households that own their home
55%
Effective property tax rate
2.02%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Cattaraugus County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+69%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cattaraugus County.

Everything about Cattaraugus County

Buying

Buying a home in Salamanca

A typical home in Salamanca is worth $80,900: 28% below the county and 81% below New York. With the typical household income in Salamanca ($41,667 a year), a typical home costs 1.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Salamanca 1.9 years
  • Cattaraugus 1.9 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Cattaraugus County

According to FHFA’s house price index, home prices in Cattaraugus County rose 95% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Cattaraugus County.

Period County New York U.S.
Last year (2025) +8.4% +6.0% +2.9%
5 years (2020–2025) +69% +52% +47%
10 years (2015–2025) +95% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Salamanca next to Cattaraugus County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Salamanca $80,900
  • Cattaraugus $113,100
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Salamanca $688
  • Cattaraugus $770
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Salamanca $41,667
  • Cattaraugus $59,540
  • New York $85,974
  • United States $80,734
See the full table
Salamanca next to Cattaraugus County and New York
Measure Salamanca Cattaraugus County New York U.S.
Typical home value $80,900 $113,100 $423,800 $332,700
Typical monthly rent $688 $770 $1,621 $1,413
Typical yearly household income $41,667 $59,540 $85,974 $80,734
Households that own their home 55% 75% 54% 65%
Typical yearly property tax $1,635 $2,991 $6,582 $3,119
Effective property tax rate 2.02% 2.64% 1.55% 0.94%
Renters with high rent for their income 47% 46% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cattaraugus County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Salamanca

For a typical $80,900 home in Salamanca, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Salamanca's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $744a month

    Least cash to close
    Down payment
    $2,832
    Cash to close
    $5,259
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $36

  • Conventional, 5% down $729a month

    Down payment
    $4,045
    Cash to close
    $6,472
    Rate
    7.18%
    Mortgage insurance
    PMI · $38

  • Conventional, 20% down, no PMI $608a month

    Down payment
    $16,180
    Cash to close
    $18,607
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $683a month

    Down payment
    $12,135
    Cash to close
    $14,562
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Salamanca and for Cattaraugus County.

Property tax

Effective rate in Salamanca

2.02%of the home’s value each year

$1,635 a year for the typical owner in Salamanca.

  • Salamanca 2.02%
  • Cattaraugus 2.64%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Cattaraugus County

FEMA does not publish these numbers by city: they are for all of Cattaraugus County.

FEMA’s maps count no homes in the high-risk zone in Cattaraugus County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Salamanca

Typical rent in Salamanca is $688 a month: 11% below the county. In Salamanca, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Cattaraugus County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.

HUD fair market rent for all of Cattaraugus County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $742 $14.27 $29,680
1 bedroom $794 $15.27 $31,760
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,274 $24.50 $50,960
4 bedrooms $1,438 $27.65 $57,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Salamanca

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Salamanca is in ZIP code 14779.

For 2 bedrooms it is $1,010: $4 less than the fair market rent for Cattaraugus County ($1,014).

  • 14779 $1,010$1,280

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Salamanca when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Salamanca

HUD lists one building with rents for lower incomes in Salamanca.

  • Jefferson House Apts 25 Jefferson St, Salamanca 14779 8 low-income homes · 1 bd: 2 · 2 bd: 3 · 3 bd: 3 · In service since 1999

See all 22 buildings in Cattaraugus County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Salamanca

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Cattaraugus County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Salamanca

No down payment, repair or rent-help program on our list is for Salamanca or Cattaraugus County. The ones below are statewide in New York: they work in Salamanca the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Salamanca

The HUD-approved agencies closest to the center of Salamanca, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Chautauqua Opportunities, Incorporated

    402 Chandler Street, Jamestown · 26 miles away

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 3 more
    (716) 661-9430

  • Allegany County Community Opportunities and Rural Development (ACCORD) Corp.

    84 Schuyler St, Belmont · 36 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 7 more
    (585) 268-7605

  • Chautauqua Opportunities, Incorporated

    17 W Courtney St, Dunkirk · 38 miles away · Spanish

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 3 more
    (716) 661-9430

All counseling agencies in New York

Help in Spanish near Salamanca

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Salamanca

HUD’s record names them for Salamanca or Cattaraugus County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Cattaraugus County: see the list Source: HUD

Cities

Other cities in Cattaraugus County

These cities are also in Cattaraugus County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Cattaraugus County Housing in New York

Nearby cities

The cities closest to Salamanca, with the typical home value.

Neighboring counties

If Cattaraugus County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Salamanca.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Salamanca

Short answers with the numbers for Salamanca and all of Cattaraugus County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Salamanca?

The typical home value in Salamanca is $80,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cattaraugus County it is $113,100.

How much does it cost to rent in Salamanca?

Typical rent in Salamanca is $688 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cattaraugus County is $1,014.

What is the FHA loan limit in Salamanca?

Salamanca uses the FHA limit for all of Cattaraugus County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Salamanca?

The typical homeowner in Salamanca pays $1,635 a year, according to the U.S. Census Bureau. That is 2.02% of the home’s value; in Cattaraugus County, the rate is 2.64%.

Where can I find free help to buy or rent in Salamanca?

We found no HUD-approved counseling agencies with an office in Cattaraugus County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).