Home Price Key
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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 $254,072, higher than the North Carolina average of $226,477.
The average cost of rent is $810/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 43.71% of residents own their homes outright in New London, 13.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $5,745 per month. Households that rent pay about 14.10% of their income on rent here. New London's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Isenhour, NC: less expensive homes
- Palmerville, NC: less expensive homes
- Badin, NC: less expensive homes
- Newsom, NC: less expensive homes
- Richfield, NC: less expensive homes
- Misenheimer, NC: less expensive homes
- Albemarle, NC: less expensive homes
- Jackson Hill, NC: less expensive homes
- Millingport, NC: less expensive homes
- Handy, NC: less expensive homes
Cities with Similar Populations
- Cle Elum, WA: higher priced homes
- Reed City, MI: less expensive homes
- Petersburg, IN: less expensive homes
- Peru, NY: less expensive homes
- Jonesville, VA: less expensive homes
- Hokes Bluff, AL: less expensive homes
- Coeburn, VA: less expensive homes
- Coal Valley, IL: less expensive homes
- Clinton, WA: higher priced homes
- Clever, MO: less expensive homes
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