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New London, CT Housing

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As of 2010-2014, median price of a house in New London is $186,700, which is lower than the state average of $274,500 and is higher than the national average of $175,700. The New London median house value has grown by 73.03% since 2000. The growth rate for the price of a house in New London is higher than the state average rate of 64.47% and is higher than the national average rate of 46.91%. The median year that a house in New London was built is 1939, which is older than the median year for a house built in the state which is 1964 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,710 Owner Occupied Houses in New London, CT, #113

New London, CT	186,700 USD
Connecticut	274,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #36

New London, CT	73.03%
Connecticut	64.47%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	New London, CT	Connecticut	U.S.
Total Housing Units	11,582, see rank, 100%	1,490,381	132,741,033
Occupied Housing Units	10,224, 88.27%, see rank	91.00%	87.55%
Owner Occupied	3,710, 32.03%, see rank	61.26%	56.34%
Renter Occupied	6,514, 56.24%, see rank	29.73%	31.21%
Vacant Housing Units	1,358, 11.73%, see rank	9.00%	12.45%
For Rent	602, 5.20%, see rank	2.24%	2.34%
For Sale Only	81, 0.70%, see rank	1.06%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.77%	0.92%
For Seasonal, Recreational, or Occasional Use	137, 1.18%, see rank	1.99%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.00%	0.03%
Other Vacant	538, 4.65%, see rank	2.94%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #125

New London, CT	Connecticut	U.S.
1939	1964	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	New London, CT	%	Connecticut	U.S.
Owner-Occupied Units	3,710	100%	913,043	74,787,460
With a Mortgage	2,716	73.21%, see rank	70.56%	65.58%
Without a Mortgage	994	26.79%, see rank	29.44%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

New London, CT	1,629 USD
Connecticut	2,110 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	New London, CT	%	Connecticut	U.S.
$299 or Less	12	0.44%, see rank	0.07%	0.20%
$300 to $499	18	0.66%, see rank	0.35%	1.59%
$500 to $699	61	2.25%, see rank	0.92%	5.01%
$700 to $999	258	9.50%, see rank	3.69%	14.32%
$1,000 to $1,499	727	26.77%, see rank	15.87%	27.90%
$1,500 to $1,999	925	34.06%, see rank	24.51%	20.35%
$2,000 to $2,999	609	22.42%, see rank	33.89%	19.52%
$3,000 or More	106	3.90%, see rank	20.70%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

New London, CT	28.00% of the Total Income
Connecticut	25.30% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	New London, CT	%	Connecticut	U.S.
10% or Less	102	3.76%, see rank	4.96%	5.86%
10% to 20%	702	25.85%, see rank	27.69%	31.95%
20% to 30%	690	25.41%, see rank	29.27%	27.64%
30% to 40%	577	21.24%, see rank	15.59%	13.74%
40% or More	601	22.13%, see rank	22.10%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

New London, CT	679 USD
Connecticut	832 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	New London, CT	%	Connecticut	U.S.
$199 or Less	13	1.31%, see rank	0.88%	7.76%
$200 to $299	0	0.00%, see rank	1.36%	14.70%
$300 to $499	89	8.95%, see rank	7.77%	34.63%
$500 to $699	445	44.77%, see rank	21.87%	21.16%
$700 or More	447	44.97%, see rank	68.12%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

New London, CT	15.70% of the Total Income
Connecticut	16.70% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	New London, CT	%	Connecticut	U.S.
10% or Less	215	21.63%, see rank	26.06%	40.19%
10% to 20%	453	45.57%, see rank	32.33%	31.47%
20% to 30%	119	11.97%, see rank	16.31%	12.24%
30% to 40%	74	7.44%, see rank	8.58%	5.64%
40% or More	133	13.38%, see rank	15.69%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	New London, CT	Connecticut	U.S.
Total Housing Units	11,582, 100%	1,490,381	132,741,033
1-unit, Detached	3,665, 31.64%, see rank	59.24%	61.65%
1-unit, Attached	414, 3.57%, see rank	5.36%	5.82%
2 Units	1,662, 14.35%, see rank	8.06%	3.75%
3 or 4 Units	1,683, 14.53%, see rank	8.95%	4.43%
5 to 9 Units	1,354, 11.69%, see rank	5.47%	4.78%
10 or More Units	2,804, 24.21%, see rank	12.10%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	0.81%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	New London, CT	Connecticut	U.S.
Total Housing Units	11,582, 100%	1,490,381	132,741,033
1 Room	571, 4.93%, see rank	1.93%	1.95%
2 Rooms	834, 7.20%, see rank	2.44%	2.48%
3 Rooms	1,910, 16.49%, see rank	8.62%	9.13%
4 Rooms	2,285, 19.73%, see rank	15.12%	16.60%
5 Rooms	2,285, 19.73%, see rank	18.84%	20.41%
6 Rooms	1,561, 13.48%, see rank	17.57%	18.06%
7 Rooms	1,044, 9.01%, see rank	13.35%	12.27%
8 Rooms	481, 4.15%, see rank	9.85%	8.48%
9 Rooms or More	611, 5.28%, see rank	12.29%	10.60%
Median Rooms	4.60, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	New London, CT	Connecticut	U.S.
Total Housing Units	11,582, 100%	1,490,381	132,741,033
No Bedroom	664, 5.73%, see rank	2.11%	2.17%
1 Bedroom	2,896, 25.00%, see rank	12.40%	11.16%
2 Bedrooms	3,753, 32.40%, see rank	27.10%	26.69%
3 Bedrooms	3,009, 25.98%, see rank	36.79%	39.70%
4 Bedrooms	939, 8.11%, see rank	17.04%	16.05%
5 or More Bedrooms	321, 2.77%, see rank	4.57%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	New London, CT	Connecticut	U.S.
Total Housing Units	10,224, 100%	1,356,206	116,211,092
Utility Gas	4,073, 39.84%, see rank	32.80%	48.85%
Bottled, Tank, or LP Gas	80, 0.78%, see rank	3.33%	4.86%
Electricity	3,020, 29.54%, see rank	15.36%	36.68%
Fuel Oil, Kerosene, etc.	3,011, 29.45%, see rank	45.24%	5.86%
Coal or Coke	0, 0.00%, see rank	0.12%	0.12%
Wood	0, 0.00%, see rank	2.16%	2.12%
Solar Energy	0, 0.00%, see rank	0.04%	0.05%
Other Fuel	40, 0.39%, see rank	0.67%	0.47%
No Fuel Used	0, 0.00%, see rank	0.28%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	New London, CT	Connecticut	U.S.
Occupied Units Paying Rent	6,266, 100%	424,208	39,201,928
$199 or Less	165, 2.63%, see rank	1.84%	1.50%
$200 to $299	380, 6.06%, see rank	3.78%	3.18%
$300 to $499	454, 7.25%, see rank	5.89%	7.37%
$500 to $699	607, 9.69%, see rank	6.97%	16.01%
$700 to $999	2,384, 38.05%, see rank	25.33%	29.17%
$1,000 to $1,499	1,888, 30.13%, see rank	36.47%	26.88%
$1,500 to $1,999	326, 5.20%, see rank	12.85%	9.79%
$2,000 or More	62, 0.99%, see rank	6.88%	6.10%
Median	$884, see rank	$1,069	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	New London, CT	Connecticut	U.S.
Occupied Housing Units	10,224, 100%	1,356,206	116,211,092
No Vehicles Available	2,050, 20.05%, see rank	9.10%	9.12%
1 Vehicles Available	4,246, 41.53%, see rank	32.69%	33.80%
2 Vehicles Available	2,806, 27.45%, see rank	38.00%	37.48%
3 or More Vehicles Available	1,122, 10.97%, see rank	20.21%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.