Cuba, New York.
Typical home $156,888 (+6.9% in a year). Olean, NY metro.
to buy the typical home at today's mortgage rate — +$135 (+20%) since Jan 2024.
- 1 year
- Up $10,137 +7%
- $146,751$156,888 since Sep 2025
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Cuba$823
- New York$2,755
- United States$1,922
Typical home values in Cuba, NY rose 6.9% over the past year — faster than the nation's +1.2%.
Living in Cuba, Allegany County, New York
Cuba is a village of 1,517 people in Allegany County. 60% of its homes are lived in by their owners and 40% are rented. Unemployment in Allegany County was 5.0% in August 2026, and the county had 0.2% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Cuba is a small village in Allegany County, in western New York. It is a younger place than many, with residents who are younger on average than across much of the country, and most homes are lived in by their owners. Winters are cold and very snowy, with a lot of snow over the season, and summers are warm and comfortable by comparison.
Work. Many residents work in schools, hospitals and social care, with others in manufacturing, shops and professional and business services. Cuba Memorial Hospital, a critical access hospital, is among the largest workplaces in the village, along with K&R Utilities, which does utility line and construction work. Commutes are short, and some people work from home.
Things to do. Cuba Lake is a reservoir in or beside town, a natural spot for time on the water. A longer drive away is Allegany State Park, a large protected area, and Rushford Lake, another lake. With snowy winters, Holiday Valley, a ski area, is also within reach for a longer outing.
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- 685households
- 26%of adults have a degree
- 14%below the poverty line
- 19 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Allegany County had 13,544 jobs in 2025, 0.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 14°; warmest in July, with highs near 79° and lows near 56°. About 109 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Franklinville weather station, 12 miles away (NOAA).
Largest workplaces in Cuba
- Cuba Memorial HospitalCritical access hospital71FTE
- TransdevLocal transit system35
- K&R UtilitiesUtility line, construction30
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 65 people in all. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Strong windRelatively high
- LightningRelatively high
- TornadoesRelatively moderate
- Cold wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Cuba’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Allegany County and the Olean, NY metro.
Cuba home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cuba$156,888
- New York$524,942
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cuba16
New listings per month
Sellers arriving at the market.
- Cuba6
Zip codes with a Cuba address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cuba — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.