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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 $554,950, higher than the New Hampshire average of $417,591.
The average cost of rent is $1,515/mo in New London, primarily driven by the current value of real estate in the New London area. In New London, 8.87% of households rent, and 47.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New London is $8,885 per month. Households that rent pay about 17.05% of their income on rent here. New London’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Sutton, NH: less expensive homes
- Georges Mills, NH: less expensive homes
- Wilmot, NH: less expensive homes
- Elkins, NH: higher priced homes
- Sunapee, NH: equally priced homes
- Wendell, NH: less expensive homes
- Springfield, NH: less expensive homes
- Sutton, NH: less expensive homes
- Newbury, NH: less expensive homes
- West Springfield, NH: less expensive homes
Cities with Similar Populations
- Custer, WA: higher priced homes
- Aledo, IL: less expensive homes
- Alexandria, AL: less expensive homes
- Ona, WV: less expensive homes
- Alfred, NY: less expensive homes
- Algoma, WI: less expensive homes
- Haworth, NJ: higher priced homes
- Barrow, AK: less expensive homes
- Hawaiian Ocean View, HI: less expensive homes
- Allegany, NY: less expensive homes
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