New London, IA is a great place to look for housing. The median value of homes in the town is currently $155,200, which is significantly lower than the US median of $338,100. In addition to having a lower median housing value than the US average, New London has experienced an 11.61% appreciation rate in housing prices over the past year - much higher than the 8.27% appreciation rate seen across the entire US during that same time period. This makes New London an attractive option both for those looking for a more affordable home and those interested in investing in real estate.
The median home cost in New London is $155,200. Home appreciation the last 10 years has been 63.9%. Home Appreciation in New London is up 15.1%.
Average Age of Homes
- The median age of New London real estate is 57 years old
The Rental Market in New London
- Renters make up 13.3% of the New London population
- 1.1% of houses and apartments in New London, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.