Wellsville, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Wellsville short-term rental market based on reliable data.

Listings

40 / 72

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$17,716

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$125,583

Median Home Sale Price

Top Earners

$30,585

Top-Earners Revenue

Wellsville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wellsville.

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B

Generally Investor friendly

Wellsville Regulations

STRs appear generally allowed citywide and there are no caps or explicit bans; investors should check zoning for a boarding/lodging designation and may need a special exception or site plan. State registration and $250k insurance are required, and local review adds moderate permitting/compliance steps.

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About Wellsville

Wellsville is a small village in western New York, serving as the largest community and commercial hub of Allegany County in the state's Southern Tier region. With a population of roughly 4,500 residents, the village has the feel of a classic upstate New York town — tree-lined streets, historic brick storefronts, and a strong sense of local identity rooted in its rail, oil, and lumber heritage. Wellsville sits along the Genesee River just a few miles south of the Pennsylvania border, and functions as a gateway to the Allegany highlands, the surrounding state forest system, and the broader Western New York recreation region. The nearest major city is Buffalo, located approximately 75 miles to the northwest, with Rochester roughly 80 miles to the north.

About 35 to 45 minutes northwest of Wellsville lies Allegany State Park, the largest state park in New York and one of the largest in the northeastern United States. Spanning more than 65,000 acres of forested hills, streams, and two sizeable lakes, the park offers camping, hiking, mountain biking, swimming, and winter activities such as cross-country skiing and snowmobiling. It surrounds the city of Salamanca and borders the Seneca Nation's Allegany Reservation, making it a major regional draw for outdoor travelers. Visitors based in Wellsville can comfortably make it a day trip, with the drive typically under an hour depending on which entrance they use.

Roughly 60 to 70 miles north of Wellsville, about a 90-minute drive, Letchworth State Park stretches along the Genesee River gorge and is widely known as the "Grand Canyon of the East." The park is celebrated for its dramatic waterfalls, miles of hiking and horseback riding trails, the historic Glen Iris Inn, and a long-running tradition of hot air balloon launches over the gorge. It consistently ranks among the top state parks in the country and offers a memorable full-day excursion for guests who want to pair Wellsville's small-town atmosphere with one of New York's most iconic natural landscapes.

For travelers considering a base in the Southern Tier, Wellsville offers a quieter, more affordable alternative to the busier Finger Lakes and Chautauqua regions, while still placing visitors within reach of major parks, river corridors, and classic upstate small-town charm. Its compact and walkable downtown, proximity to the Genesee River, and role as Allegany County's commercial center give the village a steady year-round identity, and the recreational traffic generated by Allegany State Park, Letchworth, and the surrounding forests provides a dependable foundation for short-term rental demand in this corner of western New York.

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