Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,425 people, 582 houses or apartments, and a median cost of homes of $211,224, house prices in New London are solidly below the national average.
Single-family detached homes are the single most common housing type in New London, accounting for 52.01% of the city's housing units. Other types of housing that are prevalent in New London include duplexes, homes converted to apartments or other small apartment buildings ( 26.48%), large apartment complexes or high rise apartments ( 21.51%).
People in New London primarily live in small (one, two or no bedroom) single-family detached homes. New London has a mixture of owner-occupied and renter-occupied housing.
New London homes and real estate are some of the newest in America. 33.07% of New London's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New London real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 27.29%), and between 1940-1969 ( 20.87%). There's also some housing in New London built between 1970-1999 ( 18.78%).
Real estate appreciation rates in New London's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.88% during the period.
Appreciation rates are so strong in New London that despite a nationwide downturn in the housing market, New London real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New London appreciation rates continue to be some of the highest in America, at 8.46%, which is higher than appreciation rates in 88.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New London. New London appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.52%.
Importantly, this makes New London one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Wisconsin, our data show that New London's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.
$211,224
for Wisconsin
for nation
582
$1,373 / per month