Zip 56273 (New London, MN) Housing

56273 New London, MN is a great place to live for those looking for affordable housing. The median house value in the area is $258,800, which is significantly lower than the US median of $338,100. In addition to being more affordable than many parts of the country, houses in 56273 New London have also experienced an above average increase in value over the past year. Specifically, house values have appreciated by 13.39% compared to the US 1 year appreciation rate of 8.27%. This makes 56273 New London a great choice for those looking to buy or invest in real estate with good long term prospects.

The median home cost in New London (zip 56273) is $258,800. Home appreciation the last 10 years has been 60.2%. Home Appreciation in New London (zip 56273) is up 12.6%.

Average Age of Homes

- The median age of New London (zip 56273) real estate is 38 years old

The Rental Market in New London (zip 56273)

- Renters make up 10.2% of the New London (zip 56273) population
- 0.3% of houses and apartments in New London (zip 56273), 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

Housing	New London, Minnesota	United States
	2,469.0	139,647,020.0
	37	42
	$258,800	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$8.97	$10.98
	$2,298	$2,690
	70.5%	57.4%
	19.4%	11.2%
	10.1%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	13.4%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	1.3%	2.4%
	1.1%	2.8%
	2.3%	3.9%
	2.3%	4.5%
	10.9%	11.3%
	14.7%	13.0%
	30.9%	20.1%
	21.3%	13.6%
	6.7%	8.3%
	6.0%	9.7%
	1.8%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	16.7%	13.6%
	16.7%	13.6%
	19.3%	13.6%
	12.1%	13.2%
	19.6%	14.8%
	19.3%	13.6%
	7.3%	10.0%
	2.5%	4.7%
	11.0%	12.2%

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