Why Live in Newfane
Newfane, Vermont, is a picturesque rural town in Southern Vermont, known for its historic sites, charming bed-and-breakfasts, and farmsteads. The town is nestled among vibrant maple, birch, and pine trees, providing a tranquil atmosphere. Newfane boasts a low crime rate, safer than the national average. The town's history is rich, with notable landmarks such as the West River Railroad Museum and the Historic Williamsville Covered Bridge. The village center features Victorian-era buildings housing eateries, boutiques, and museums, contributing to its revival. Popular attractions include the Newfane Heritage Festival and live music at Union Hall. Outdoor enthusiasts can explore hiking trails at Deer Run Nature Preserve, Putney Mountain, and Townshend State Park. Homes in Newfane range from historic Victorian and Georgian styles to contemporary log cabins, often situated on spacious lots with scenic views. Vermont Route 30 serves as the main thoroughfare, connecting residents to Interstate 91 and major cities like Boston, Hartford, and Albany. The town also features a variety of dining options, such as Bigfoot Coffee and Fat Crow Restaurant, and markets like the Newfane Store and River Bend Farm Market. Additionally, Newfane offers secluded creekfront properties along the West River and Rock River, perfect for those seeking a peaceful retreat.
Frequently Asked Questions
What is the average home price in Newfane, VT?
Homes for sale in Newfane, VT have an average home price of $489,333.
Are home prices dropping in Newfane?
Yes, home prices in Newfane are down 34% in the last 12 months.
How many homes have sold over the last 12 months in Newfane, VT?
8 homes have sold in Newfane, VT over the last 12 months.
What are the most popular zip codes in Newfane, VT?
How much do you need to make to afford a house in Newfane?
The median home price in Newfane is $349,000. If you put a 20% down payment of $69,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Newfane.
How are the schools in Newfane, VT?
Home Trends in Newfane, VT
On average, homes in Newfane, VT sell after 56 days on the market compared to the national average of 50 days. The median sale price for homes in Newfane, VT over the last 12 months is $329,000, down 37% from the median home sale price over the previous 12 months.
Median Sale Price
$329,000
Median Single Family Sale Price
$364,000
Average Price Per Sq Ft
$187
Number of Homes for Sale
1
Last 12 months Home Sales
8
Median List Price
$349,000
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
-37%