Newfane, NY
Full City Profile · New York · Niagara County County
4.3
/5.0
A
Great
3,470
Population
655/sq mi density
$75,049
Median Income
$33,036 per capita
$143,500
Home Value
$252,113 Zillow
$836
Median Rent
9.0% income on rent
49°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
A+
Economy
4.5 / 5.0
$75,049 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$143,500 home value, $836/mo rent
B
Education
3.3 / 5.0
28.3% bachelor's degree or higher
Housing Overview
Median Home Value
$143,500
49% below
US avg: $281,900
Median Rent
$836/mo
28% below
US avg: $1,163/mo
Homeownership Rate
77.6%
19% above US avg (65.4%)
Total Housing Units
1,425
Median year built: 1952
Home Value by Source
Census Median
$143,500
Zillow (ZHVI)
$252,113
Redfin Median Sale
$162,900
Median Sale Price
$162,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.6%
Owner-Occupied
22.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent:
$836/mo
Market Indicators (Redfin)
Median Sale Price
$162,900
Median Days on Market
13 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
60.0%
of listings with price reduction
Price Per Sq Ft
$143
Active Inventory
5
homes for sale
Affordability & Housing Stock
Rent Burden
9.0%
of renters spending 30%+ of income on housing
71% below US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
77.6%
Complete Housing Data
Home Values
| Census Median Value | $143,500 |
| Zillow Home Value (ZHVI) | $252,113 |
| Redfin Median Sale | $162,900 |
| Median Sale Price | $162,900 |
| Price Per Sq Ft | $143 |
Rent
| Census Median Rent | $836 |
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
| Days on Market | 13 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 60.0% |
| Homes Sold | 3 |
| Active Inventory | 5 |
| Price Per Sq Ft | $143 |
Ownership & Stock
| Owner-Occupied | 77.6% |
| Renter-Occupied | 22.4% |
| Homeownership Rate | 77.6% |
| Total Housing Units | 1,425 |
| Median Year Built | 1952 |
| Rent Burden | 9.0% |