What is the median home value in the Town of Hume, NY?
The median value of owner-occupied homes in the Town of Hume, NY is $110,600 (±$35,583), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In the Town of Hume, the median home value went from $85,700 in 2015–2019 to $110,600 in 2020–2024 (+29.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $110,600 (±$35,583)
- Owner-occupied homes
- 651 (±97)
- Most common range
- $50,000 to $99,999
Home values in the Town of Hume
| Value | Town of Hume | Allegany County | New York | United States |
|---|---|---|---|---|
| Less than $50,000 | 6.3% (±3.8 points) | 13.6% | 3.9% | 5.3% |
| $50,000 to $99,999 | 41.2% (±8.2 points) | 35.6% | 5.6% | 6.1% |
| $100,000 to $149,999 | 10.4% (±3.7 points) | 19.3% | 6.7% | 6.8% |
| $150,000 to $199,999 | 9.1% (±5.1 points) | 14.5% | 8.3% | 9.0% |
| $200,000 to $299,999 | 15.2% (±6.3 points) | 10.9% | 13.2% | 17.8% |
| $300,000 to $499,999 | 13.4% (±9.3 points) | 4.4% | 19.7% | 26.9% |
| $500,000 to $999,999 | 3.2% (±3.9 points) | 1.4% | 30.1% | 20.9% |
| $1,000,000 or more | 1.2% (±1.2 points) | 0.4% | 12.6% | 7.1% |
The most common range is $50,000 to $99,999, 41.2% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
The Town of Hume against Allegany County, its state and the nation
| Town of Hume | Allegany County | New York | United States | |
|---|---|---|---|---|
| Median home value | $110,600 (±$35,583) | $101,700 (±$3,420) | $423,800 (±$1,627) | $332,700 |
| Owner-occupied homes | 651 (±97) | 14,038 (±342) | 4,196,985 (±19,607) | 84,210,142 |
In the Town of Hume, the median home value is not measurably different from Allegany County ($101,700).
It is also lower than in New York ($423,800).
It is lower than the national figure ($332,700).
In Allegany County, the Town of Hume ranks 13 of 29 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 919 of 1,003.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in the Town of Hume have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $85,700 (±$5,463) | $110,600 (±$35,583) | +29.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $899 (±$75) | $1,423 (±$202) | +58.3% | Up after inflation |
| Median real estate taxes | $2,186 (±$247) | $3,206 (±$373) | +46.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near the Town of Hume
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Town of Hume | — | $110,600 (±$35,583) | — |
| Houghton | 4.5 mi | $163,200 (±$5,426) | Higher |
| Town of Granger | 5.6 mi | $125,000 (±$19,918) | Not measurably different |
| Town of Pike | 5.9 mi | $129,100 (±$17,782) | Not measurably different |
| Town of Caneadea | 6.2 mi | $156,600 (±$9,544) | Higher |
| Town of Genesee Falls | 6.9 mi | $143,200 (±$30,844) | Not measurably different |
| Town of Centerville | 7.5 mi | $119,800 (±$49,090) | Not measurably different |
| Town of Allen | 8.4 mi | $126,100 (±$24,349) | Not measurably different |
| Town of Portage | 8.4 mi | $145,600 (±$42,601) | Not measurably different |
Nearby places with a measurably higher figure: Houghton, NY ($163,200), Town of Caneadea, NY ($156,600).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Allegany County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 7 | Town of Allen | $126,100 (±$24,349) |
| 8 | Town of Granger | $125,000 (±$19,918) |
| 9 | Town of Centerville | $119,800 (±$49,090) |
| 10 | Town of Scio | $117,100 (±$26,930) |
| 11 | Town of Rushford | $113,700 (±$12,835) |
| 12 | Town of Cuba | $113,000 (±$9,096) |
| 13 | Town of Hume | $110,600 (±$35,583) |
| 14 | Town of Grove | $109,200 (±$11,729) |
| 15 | Town of Genesee | $104,600 (±$10,361) |
| 16 (tie) | Town of Burns | $100,800 (±$17,530) |
| 16 (tie) | Town of Independence | $100,800 (±$27,119) |
| 18 | Town of Willing | $99,000 (±$17,027) |
| 19 | Town of Belfast | $95,600 (±$7,469) |
Showing 13 of 29 places in Allegany County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Hume include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Town of Hume
What is the average home value in the Town of Hume, NY?
The Census Bureau publishes the median: $110,600 (±$35,583) for owner-occupied homes in the Town of Hume (2020–2024 American Community Survey).
Have home values in the Town of Hume gone up?
In the Town of Hume, the median home value went from $85,700 in 2015–2019 to $110,600 in 2020–2024 (+29.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in the Town of Hume sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hume town, Allegany County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hume town, Allegany County, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Hume town, Allegany County, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Hume town, Allegany County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Hume town, Allegany County, New York (county subdivision:36112, in state:36 county:003).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Hume at a glance
- Median rent in the Town of Hume
- Renters and owners in the Town of Hume
- Income and affordability in the Town of Hume
- Homeowner costs in the Town of Hume
- Property taxes in the Town of Hume
- Types of homes in the Town of Hume
- Bedrooms in the Town of Hume
- Age of homes in the Town of Hume
- Heating fuel in the Town of Hume
- Commute and cars in the Town of Hume
- Population growth in the Town of Hume
- How long people stay in the Town of Hume
- New York landlord and tenant rules
- Housing across Allegany County
- New York places ranked by median home value
- Housing data for every place in New York