What is the median home value in the Town of Independence, NY?

The median value of owner-occupied homes in the Town of Independence, NY is $100,800 (±$27,119), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In the Town of Independence, the median home value went from $74,800 in 2015–2019 to $100,800 in 2020–2024 (+34.8%).

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
$100,800 (±$27,119)
Owner-occupied homes
286 (±53)
Most common range
$50,000 to $99,999

Home values in the Town of Independence

Owner-occupied homes by value, 2020–2024
ValueTown of IndependenceAllegany CountyNew YorkUnited States
Less than $50,00016.8% (±7.9 points)13.6%3.9%5.3%
$50,000 to $99,99932.9% (±11.6 points)35.6%5.6%6.1%
$100,000 to $149,99919.2% (±7.5 points)19.3%6.7%6.8%
$150,000 to $199,99913.6% (±7.8 points)14.5%8.3%9.0%
$200,000 to $299,99914.3% (±9.2 points)10.9%13.2%17.8%
$300,000 to $499,9991.4% (±2.1 points)4.4%19.7%26.9%
$500,000 to $999,9991.7% (±2.0 points)1.4%30.1%20.9%
$1,000,000 or more0.0% (±13.8 points)0.4%12.6%7.1%

The most common range is $50,000 to $99,999, 32.9% 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 Independence against Allegany County, its state and the nation

Estimate (90% margin of error)
Town of IndependenceAllegany CountyNew YorkUnited States
Median home value$100,800 (±$27,119)$101,700 (±$3,420)$423,800 (±$1,627)$332,700
Owner-occupied homes286 (±53)14,038 (±342)4,196,985 (±19,607)84,210,142

In the Town of Independence, 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 Independence ranks 17 of 29 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 954 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 Independence have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$74,800 (±$7,560)$100,800 (±$27,119)+34.8%No measurable change after inflation
Median owner cost with a mortgage$900 (±$231)$1,284 (±$180)+42.7%No measurable change after inflation
Median real estate taxes$1,918 (±$239)$2,606 (±$444)+35.9%No measurable change 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 Independence

Nearest places with a published estimate, compared with the Town of Independence
PlaceDistanceMedian home valueCompared with this place
Town of Independence—$100,800 (±$27,119)—
Town of Willing5.1 mi$99,000 (±$17,027)Not measurably different
Town of West Union5.5 mi$112,500 (±$12,191)Not measurably different
Bingham Township5.6 mi$246,100 (±$117,102)Higher
Town of Andover7.4 mi$78,200 (±$6,268)Not measurably different
Village of Andover7.8 mi$72,000 (±$5,201)Lower
Genesee Township8.2 mi$137,500 (±$38,468)Not measurably different
Town of Wellsville8.5 mi$94,600 (±$5,990)Not measurably different
Harrison Township (Potter County)8.5 mi$139,600 (±$31,124)Not measurably different

Nearby places with a measurably lower figure: Village of Andover, NY ($72,000).

Nearby places with a measurably higher figure: Bingham Township, PA ($246,100).

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

RankPlaceMedian home value
11Town of Rushford$113,700 (±$12,835)
12Town of Cuba$113,000 (±$9,096)
13Town of Hume$110,600 (±$35,583)
14Town of Grove$109,200 (±$11,729)
15Town of Genesee$104,600 (±$10,361)
16 (tie)Town of Burns$100,800 (±$17,530)
16 (tie)Town of Independence$100,800 (±$27,119)
18Town of Willing$99,000 (±$17,027)
19Town of Belfast$95,600 (±$7,469)
20Town of Wellsville$94,600 (±$5,990)
21Town of Clarksville$90,200 (±$11,886)
22Town of Angelica$87,800 (±$11,774)
23Town of Amity$87,300 (±$6,719)

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 Independence 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 Independence

What is the average home value in the Town of Independence, NY?

The Census Bureau publishes the median: $100,800 (±$27,119) for owner-occupied homes in the Town of Independence (2020–2024 American Community Survey).

Have home values in the Town of Independence gone up?

In the Town of Independence, the median home value went from $74,800 in 2015–2019 to $100,800 in 2020–2024 (+34.8%).

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 Independence 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

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 Independence town, Allegany County, New York (county subdivision:37297, 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.

Request a Census API 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 .

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