A typical Hume home is worth roughly $111,000
Builders were permitted 6 new homes in 2025.
What kind of housing town is Hume?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.6 years of income
Less than across New York (6.1 years). Try your own numbers below.
That covers a typical Hume home, with $100K to spare.
A two-bedroom rents for about $1,010 a month here, $160 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hume’s typical property tax (2.90% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,010
Renters already here pay a median of $811, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Allegany County, NY): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
6 new homes permitted in 2025
Builders were permitted 6 new homes in Hume in 2025, all single-family houses. That's 2.9 per 1,000 residents, faster than across New York (1.8). Over the past 10 years, Hume has permitted 23 homes in all.
Between the 2010 and 2020 censuses, Hume gained 2 residents while 29 new homes were permitted: about 0.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across New York: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $80,000 |
| 2025 | 6 | 6 | 0 | $240,000 |
| 2024 | 1 | 1 | 0 | $60,000 |
| 2023 | 2 | 2 | 0 | $100,000 |
| 2022 | 2 | 2 | 0 | $150,000 |
| 2021 | 1 | 1 | 0 | $20,000 |
| 2020 | 2 | 2 | 0 | $150,000 |
| 2019 | 3 | 3 | 0 | $260,000 |
| 2018 | 3 | 3 | 0 | $282,000 |
| 2017 | 2 | 2 | 0 | $47,000 |
| 2016 | 1 | 1 | 0 | $47,000 |
| 2015 | 1 | 1 | 0 | $206,000 |
| 2014 | 12 | 4 | 8 | $979,000 |
| 2013 | 3 | 3 | 0 | $262,000 |
| 2012 | 1 | 1 | 0 | $132,000 |
| 2011 | 2 | 2 | 0 | $182,000 |
| 2010 | 1 | 1 | 0 | $119,000 |
| 2009 | 3 | 3 | 0 | $294,000 |
| 2008 | 5 | 5 | 0 | $536,000 |
| 2007 | 9 | 1 | 8 | $277,000 |
| 2006 | 3 | 3 | 0 | $162,000 |
| 2005 | 1 | 1 | 0 | $26,000 |
| 2004 | 5 | 5 | 0 | $239,000 |
| 2003 | 3 | 3 | 0 | $250,000 |
| 2002 | 7 | 7 | 0 | $256,000 |
| 2001 | 4 | 4 | 0 | $230,000 |
| 2000 | 5 | 5 | 0 | $220,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
85% of Hume households own their home
Half of Hume’s homes were built before 1977.
New York: 54% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Hume vs. its neighbors
Hume is the least expensive of 7 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Hume buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.