New London, TX is a great place to invest in real estate. The housing median value in New London is $141,200, which is significantly lower than the US median value of $338,100. This implies that there may be great potential for appreciation in this area. In fact, the 1-year house appreciation rate in New London was 14.75%, which is significantly higher than the US rate of 8.27%. Thus, investing in real estate in New London could be quite lucrative and give a nice return on investment.
The median home cost in New London is $141,200. Home appreciation the last 10 years has been 67.5%. Home Appreciation in New London is up 20.4%.
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 10.8% of the New London population
- 0.6% 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.