Home Price Key
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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 $265,672, lower than the Minnesota average of $269,934.
The average cost of rent is $863/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 39.32% of residents own their homes outright in New London, 11.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $7,113 per month. Households that rent pay about 12.13% of their income on rent here. New London's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Spicer, MN: equally priced homes
- Hawick, MN: equally priced homes
- Georgeville, MN: less expensive homes
- Regal, MN: less expensive homes
- Belgrade, MN: less expensive homes
- Pennock, MN: equally priced homes
- Kandiyohi, MN: less expensive homes
- Sunburg, MN: equally priced homes
- Paynesville, MN: less expensive homes
- Willmar, MN: less expensive homes
Cities with Similar Populations
- Boonville, NC: less expensive homes
- Marthasville, MO: less expensive homes
- Mohegan Lake, NY: higher priced homes
- Belleville, PA: less expensive homes
- Auburn, KY: less expensive homes
- Clear Lake, MN: higher priced homes
- Cottageville, SC: less expensive homes
- Osage, IA: less expensive homes
- Auburn, PA: less expensive homes
- Amston, CT: equally priced homes
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