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Newfane, VT Profile: Facts & Data

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Newfane, Vermont - Basic Facts

The Village of Newfane had a population of 132 as of July 1, 2020.

The primary coordinate point for Newfane is located at latitude 42.9856 and longitude -72.6559 in Windham County. The formal boundaries for the Village of Newfane encompass a land area of 0.17 sq. miles and a water area of 0 sq. miles. Windham County is in the Eastern time zone (GMT -5). The elevation is 551 feet.

The Village of Newfane (GNIS ID: 2378318) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Newfane is located within Town of Newfane, a minor civil division (MCD) of Windham County.

Alternate Unofficial Names for Newfane: Fayetteville, Newfane Village, Parks Flats, Parkville.

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Newfane, VT Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 132 (100%)
Population in Households 132 (100.0%)
Population in Families 99 (75.0%)
Population in Group Quarters1 0
Population Density 750
Diversity Index2 10
 
 

INCOME

Median Household Income $53,739
Average Household Income $62,595
% of Income for Mortgage4 19%
Per Capita Income $27,266
Wealth Index5 56
 

HOUSING

Total HU (Housing Units) 90 (100%)
Owner Occupied HU 54 (60.0%)
Renter Occupied HU 16 (17.8%)
Vacant Housing Units 21 (23.3%)
Median Home Value $248,077
Average Home Value $348,636
Housing Affordability Index3 135
 

HOUSEHOLDS

Total Households 69
Average Household Size 1.91
Family Households 43
Average Family Size 2
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 1.1% 0.3%
Households 1.21% 0.57%
Families 3.24% 0.46%
Median Household Income   1.36%
Per Capita Income   2.47%
Owner Occupied HU   0.37%

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Newfane, VT - Peer Comparisons by Rank and Percentile

The table below compares Newfane to the other 121 incorporated cities, towns and CDPs in Vermont by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 115 6th
Population Density # 49 60th
Median Household Income # 62 50th
Housing Affordability Index # 51 42nd
Per Capita Income # 77 37th
Diversity Index # 87 29th

Additional comparisons and rankings can be made with a VERY EASY TO USE Vermont Census Data Comparison Tool.

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