Housing in New London, MN is very attractive to potential homeowners due to its median value of $276,600, which is significantly less than the US House Median Value of $338,100. The 1 year House Appreciation is also higher in New London, MN than the US average at 13.39%, making it an even more desirable location for those looking to purchase a home. With such great values and appreciation rates, New London, MN offers a perfect opportunity for those looking to buy a home and make it their own.
The median home cost in New London is $276,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in New London is up 12.6%.
Average Age of Homes
- The median age of New London real estate is 42 years old
The Rental Market in New London
- Renters make up 25.6% of the New London population
- 1.5% 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.