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These days, finding an affordable place to live in the New London area can be challenging. Home prices in New London are now at a median cost of $143,189, lower than the Alabama average of $228,911.
The average cost of rent is $1,007/mo in New London, primarily driven by the current value of real estate in the New London area. In New London, 16.35% of households rent, and 53.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New London is $5,070 per month. Households that rent pay about 19.87% of their income on rent here. New London’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cropwell, AL: higher priced homes
- Calcis, AL: equally priced homes
- Vincent, AL: equally priced homes
- Laniers, AL: less expensive homes
- Pell City, AL: higher priced homes
- Cook Springs, AL: higher priced homes
- Renfroe, AL: equally priced homes
- Vandiver, AL: higher priced homes
- Alpine, AL: equally priced homes
- Dunnavant, AL: higher priced homes
Cities with Similar Populations
- Amesville, OH: higher priced homes
- Yale, WA: higher priced homes
- Wyatt, IN: higher priced homes
- Woodlawn Park, KY: higher priced homes
- Woodlawn, NC: higher priced homes
- Winside, NE: higher priced homes
- Winfield, TX: higher priced homes
- Winfield, FL: higher priced homes
- Washington, ME: higher priced homes
- Bunch, OK: equally priced homes
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