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 $131,694, lower than the Missouri average of $194,908.
The average cost of rent is $730/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 56.24% of residents own their homes outright in New London, 13.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $4,905 per month. Households that rent pay about 14.88% of their income on rent here. New London's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Ilasco, MO: equally priced homes
- Ralls, MO: higher priced homes
- Oakwood, MO: equally priced homes
- Spalding, MO: higher priced homes
- Saverton, MO: equally priced homes
- Hannibal, MO: equally priced homes
- Withers Mill, MO: higher priced homes
- Frankford, MO: less expensive homes
- Rensselaer, MO: higher priced homes
- Center, MO: equally priced homes
Cities with Similar Populations
- Sumac, GA: equally priced homes
- Lenox, GA: less expensive homes
- Linden, AZ: higher priced homes
- Lucas, OH: higher priced homes
- Belle Center, OH: higher priced homes
- Morris, OK: equally priced homes
- Prather, CA: higher priced homes
- Sebree, KY: less expensive homes
- South Nyack, NY: higher priced homes
- Lumpkin, GA: less expensive homes
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