Newfane, NY—14108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newfane, NY
As of Oct '25, the median home price in Newfane, NY is $230,000, with a year-over-year change of 2.3%. This indicates that home prices in Newfane, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 2.3% |
| Single Family | $230,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 3.9% |
3 Bed | $236,000 | 2.6% |
4 Bed | $257,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newfane, NY
Newfane, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newfane, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Newfane, NY is 21. This is a decrease of -45.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -39.0% |
Listing Count | 13 | -40.0% |
| Listings as % of Homes | 0.7% | -40.0% |
Days on Market | 21 | -45.0% |
Demographics — Newfane, NY
As of the latest ACS Survey released in 2023, Newfane, NY has a population of 5,300, which has decreased by -12.8% over the past 5 years. Newfane, NY is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,300 | -12.8% |
% Under 18 | 22.3% | 0.0% |
% Seniors | 20.2% | 3.1% |
% WFH | 13.1% | 835.7% |
% w/ College Degree | 26.9% | 37.2% |
As of the latest ACS Survey released in 2023, Newfane, NY is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Newfane, NY is black, making up 0.6% of the population. Foreign-born residents account for 1.4% of the population in Newfane, NY, and this percentage has decreased by 48.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.2% | -2.3% |
% Black | 0.6% | -25.0% |
% Hispanic | 0.2% | -66.7% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.4% | -48.1% |
Mortgage and Risk — Newfane, NY
According to HUD data as of 2023, there were 128 mortgage originations in Newfane, NY, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Newfane, NY. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Newfane, NY
Newfane, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Newfane, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $230,000 |
| Median Household Income | $73,000 |