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 $132,897, lower than the Iowa average of $182,666.
The average cost of rent is $681/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 41.79% of residents own their homes outright in New London, 17.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $5,049 per month. Households that rent pay about 13.49% of their income on rent here. New London's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Danville, IA: higher priced homes
- Pleasant Grove, IA: higher priced homes
- Mount Union, IA: equally priced homes
- Mount Pleasant, IA: equally priced homes
- Yarmouth, IA: higher priced homes
- Middletown, IA: higher priced homes
- Oakland Mills, IA: higher priced homes
- Salem, IA: higher priced homes
- St. Paul, IA: higher priced homes
- Westwood, IA: higher priced homes
Cities with Similar Populations
- Berlin, MA: higher priced homes
- Clarksville, TX: less expensive homes
- Clarion, IA: less expensive homes
- Byrdstown, TN: higher priced homes
- Butler, OH: higher priced homes
- Buffalo, TX: less expensive homes
- Black Hawk, CO: higher priced homes
- Ajo, AZ: less expensive homes
- Bethlehem, CT: higher priced homes
- Brundidge, AL: less expensive homes
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