The housing market in New London, MO is thriving. The median home value has risen 13.45% in the past year, which is significantly higher than the US median house appreciation rate of 8.27%. This indicates that the housing market in New London is resilient and on an upward trajectory. The current median home value in New London is $190,800, which is much lower than the US median value of $338,100. This makes it a great location for potential buyers looking for affordable homes with strong appreciation potential.
The median home cost in New London is $190,800. Home appreciation the last 10 years has been 73.2%. Home Appreciation in New London is up 17.1%.
Average Age of Homes
- The median age of New London real estate is 58 years old
The Rental Market in New London
- Renters make up 39.0% of the New London population
- 0.0% 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.