New London, CT Housing


2 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
The housing market in New London, CT is thriving. The median value of a house in the area is $245,100, which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation for New London is 11.43%, significantly higher than the US 1 year House Appreciation of 8.27%. This indicates that the housing market in New London is healthy and growing. With its lower median value and rapidly increasing appreciation rate, it's no surprise that many people are looking to purchase a home in New London.

The median home cost in New London is $245,100. Home appreciation the last 10 years has been 58.4%. Home Appreciation in New London is up 13.4%.

Average Age of Homes
- The median age of New London real estate is 78 years old
The Rental Market in New London
- Renters make up 56.2% of the New London population
- 1.9% 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingNew London, ConnecticutUnited States
  12,274.0139,647,020.0
  8042
  $245,100$338,100
  13.4%16.6%
  51.2%57.0%
  58.4%101.1%
  $18.89$10.98
  $4,644$2,690
  34.8%57.4%
  9.3%11.2%
  55.9%31.4%
  Vacant Housing
  1.9%1.9%
  0.6%0.4%
  0.7%0.7%
  0.2%0.4%
  1.4%3.6%
  4.5%4.1%
  Value of Owner-Occupied Housing
  0.1%2.6%
  0.6%2.4%
  0.7%2.8%
  2.3%3.9%
  2.5%4.5%
  20.4%11.3%
  27.5%13.0%
  25.1%20.1%
  12.8%13.6%
  4.7%8.3%
  2.1%9.7%
  0.4%3.9%
  0.8%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  4.3%13.6%
  4.3%13.6%
  4.4%13.6%
  4.7%13.2%
  8.9%14.8%
  4.4%13.6%
  10.9%10.0%
  4.3%4.7%
  49.5%12.2%
Reviews for New London
    See all (2)

Over 17 years ago

all and out its not that bad it just depends where you  More

   |    Reply

A very Historic City; no place more than mile from Salt Water; beautiful public beaches; vibrant art, theatre and music scene; brand new Science and Technology Magnet  More

   |    Reply

Start Your Review of New London

Commute
Compare New London, CT
cost of living
Compare food, housing, utilities, and more in New London, Connecticut to any other city in the US.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.