Home Price Key
Affordable
Average
Expensive
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 $59,200, lower than the Arkansas average of $160,541.
The average cost of rent is $678/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 72.52% of residents own their homes outright in New London, 11.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $2,887 per month. Households that rent pay about 23.48% of their income on rent here. New London's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Sandy Bend, AR: equally priced homes
- Moro Bay, AR: equally priced homes
- Strong, AR: equally priced homes
- Payne, AR: higher priced homes
- Old Union, AR: higher priced homes
- Ritchie, AR: higher priced homes
- Calion, AR: higher priced homes
- Jersey, AR: less expensive homes
- Vick, AR: equally priced homes
- Sandy Land, AR: higher priced homes
Cities with Similar Populations
- Edward, NC: higher priced homes
- Sinclair, IA: higher priced homes
- Silver Plume, CO: higher priced homes
- Siloam, AL: higher priced homes
- Weavertown, PA: higher priced homes
- Weches, TX: higher priced homes
- Silerville, KY: higher priced homes
- Sierraville, CA: higher priced homes
- Sibley, ND: higher priced homes
- Shucktown, MS: higher priced homes
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