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Newfield

Learn about the people, housing, costs and businesses in Newfield, New York

Median Home$167,100
Median Rent$1,203/month
Population691
Leading IndustriesPublic Administration · Education · Retail33% public administration
Home Value Growth+0.7% over 2 years
Retirees27% of residentsabove average nationally
Homeowners80% of occupied units
NotableTransit87/100 · excellent transit access
Newfield
NY

Frequently Asked Questions

What are today's mortgage rates in Newfield?

As of today, the 30-year fixed mortgage rate for Newfield is approximately 7.039% (7.080% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Newfield?

The median home value in Newfield is $167k. The median monthly rent is $1,203. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newfield?

Home values in Newfield have increased 0.7% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Newfield?

Based on a typical all-in ownership cost of $964/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newfield is $68k/year.

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What industries drive the economy in Newfield?

The largest employment sectors in Newfield are public administration (33%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.