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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 $263,465, lower than the North Carolina average of $323,314.
The average cost of rent is $788/mo in New London, primarily driven by the current value of real estate in the New London area. In New London, 14.81% of households rent, and 51.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New London is $5,983 per month. Households that rent pay about 13.17% of their income on rent here. New London’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Isenhour, NC: equally priced homes
- Palmerville, NC: equally priced homes
- Badin, NC: less expensive homes
- Newsom, NC: higher priced homes
- Richfield, NC: equally priced homes
- Misenheimer, NC: equally priced homes
- Albemarle, NC: less expensive homes
- Jackson Hill, NC: higher priced homes
- Millingport, NC: equally priced 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: equally priced homes
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