New London, OH is a great place for housing. The median value of a home in New London is $153,100, which is significantly lower than the US median value at $338,100. In addition, the house appreciation in New London has been much higher than the US average over the past year at 11.76%. This makes it a great investment for those looking to purchase a home as values are increasing faster than most other locations.
The median home cost in New London is $153,100. Home appreciation the last 10 years has been 66.7%. Home Appreciation in New London is up 13.5%.
Average Age of Homes
- The median age of New London real estate is 61 years old
The Rental Market in New London
- Renters make up 36.7% of the New London population
- 8.7% 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.