Living in Newfane comes at a cost of $76,500. Home prices here marginally dropped 2.3 percent this year. The market grew more competitive during the same time frame, with inventory prominently dropping 16.7 percent from 18 to 15 homes on the market. For those who enjoy nature and activities outdoors there is a nice relaxed feel to some of the country-style lots in this area. The hardwood floors available in a significant number of homes in this city are attractive and easy-to-maintain for families with pets or young children. Newfane is enhanced by the beautiful landscaping many of the homes in the area feature.