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 $124,281, lower than the Texas average of $235,268.
The average cost of rent is $594/mo in New London, primarily driven by the current value of real estate in the New London area. While nearly 65.32% of residents own their homes outright in New London, 5.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in New London is $4,546 per month. Households that rent pay about 13.07% of their income on rent here. New London's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Overton, TX: equally priced homes
- Wright City, TX: less expensive homes
- Turnertown, TX: less expensive homes
- Pitner Junction, TX: equally priced homes
- Laird Hill, TX: equally priced homes
- Selman City, TX: less expensive homes
- Joinerville, TX: less expensive homes
- Pirtle, TX: higher priced homes
- Arp, TX: equally priced homes
- Crimcrest, TX: higher priced homes
Cities with Similar Populations
- Arapahoe, NE: less expensive homes
- Bergman, AR: equally priced homes
- Prattsville, NY: higher priced homes
- Oktaha, OK: less expensive homes
- Palmer, TN: less expensive homes
- Paoli, OK: equally priced homes
- Parksville, KY: higher priced homes
- Patagonia, AZ: higher priced homes
- Payneville, KY: higher priced homes
- Pennellwood, MI: higher priced homes
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