Newfane, NY is an ideal location to purchase a home. The median house value in Newfane is $198,500, which is significantly lower than the US median house value of $338,100. Furthermore, the 1-year appreciation rate for housing in Newfane is 10.73%, which is higher than the national average of 8.27%. This indicates that buying a home in Newfane now would be a great investment opportunity as it will likely increase in value over time.
The median home cost in Newfane is $198,500. Home appreciation the last 10 years has been 87.9%. Home Appreciation in Newfane is up 14.7%.
Average Age of Homes
- The median age of Newfane real estate is 59 years old
The Rental Market in Newfane
- Renters make up 17.0% of the Newfane population
- 0.0% of houses and apartments in Newfane, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.