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 $115,369, lower than the Ohio average of $181,280.
The average cost of rent is $729/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 32.48% of residents own their homes outright in New London, 25.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $4,160 per month. Households that rent pay about 17.52% of their income on rent here. New London's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Ruggles, OH: higher priced homes
- Rochester, OH: higher priced homes
- West Clarksfield, OH: equally priced homes
- Greenwich, OH: higher priced homes
- Nova, OH: higher priced homes
- Olena, OH: higher priced homes
- Savannah, OH: higher priced homes
- Collins, OH: higher priced homes
- North Fairfield, OH: higher priced homes
- Shenandoah, OH: higher priced homes
Cities with Similar Populations
- Monte Sereno, CA: higher priced homes
- Woodstock, NY: higher priced homes
- Weyauwega, WI: higher priced homes
- Westville, IL: less expensive homes
- Versailles, OH: higher priced homes
- Utica, OH: higher priced homes
- Tama, IA: less expensive homes
- St. Paul, MO: higher priced homes
- O'Neill, NE: higher priced homes
- Newton Grove, NC: equally priced homes
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