Newfane, NY Real Estate
According to census data in the year 2000 there were 1,188 housing units in Newfane.
This represents a 7.5% growth from 1,105 in 1990.
Of those housing units, 1,016 were located in either urbanized areas or urban clusters, and 172 were located in what is classified as a rural area.
Homeownership rate in Newfane is about 79%.
Newfane's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Newfane were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.50% |
| Two Bedrooms | 22.70% |
| Three Bedrooms | 41.90% |
| Four Bedrooms | 24.80% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $72,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $458 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 57.40% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
