Home prices
The median home in Newfane costs $95,900. In comparison to the surrounding areas it is approximately $8,180 (7%) lower.It is about $121,600 (55%) lower in comparison to the rest of the country, and in comparison to the city of Buffalo is approximately $6,100 (6%) higher.
Rents
The median monthly rent in Newfane is $718. Compared to the surrounding areas this is roughly $32 (4%) higher.Compared to the country as a whole it is about $344 (32%) lower, and is roughly $58 (7%) lower in comparison to the city of Buffalo.
Nearby places
Olcott
Olcott is about 2 miles north from Newfane. The housing prices there are a bit more expensive. Olcott's median home value is $110,100, which comes out to $14,200 (12%) higher than Newfane. Rent there is somewhat more expensive. The median rent in Olcott is $842 per month, which comes out to $124 (14%) higher than Newfane.
Wilson
Wilson is about 5 miles west of Newfane. Its housing prices are a little more expensive. The median home cost in Wilson is $108,300, which works out to $12,400 (11%) higher than Newfane. The rent there is a bit less expensive. Wilson's median monthly rent is $628, which works out to $90 (14%) lower than Newfane.
Barker
Barker is about 6 miles northeast of Newfane. Housing prices there are a little more expensive. The cost of the median home in Barker is $101,100, which is $5,200 (5%) higher than Newfane. Rents there are significantly less expensive. Barker's median monthly rent is $458, which is $260 (56%) lower than Newfane.
Lockport
Lockport is about 7 miles south from Newfane. Its real estate prices are pretty similar. Lockport's median home cost is $93,000, which is $2,900 (3%) lower than Newfane. Rent there is fairly similar. The median monthly rent in Lockport is $696, which works out to $22 (3%) lower than Newfane.
Gasport
Gasport is about 7 miles southeast from Newfane. Its real estate prices are a little more expensive. The median home in Gasport is valued at $107,900, which works out to $12,000 (11%) higher than Newfane. The rent there is somewhat more expensive. In Gasport the median monthly rent is $807, which comes out to $89 (11%) higher than Newfane.
