The Most Affordable Neighborhoods in New London, TX by Home Value

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 $138,909, lower than the Texas average of $322,096.

The average cost of rent is $925/mo in New London, primarily driven by the current value of real estate in the New London area. In New London, 8.22% of households rent, and 61.86% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New London is $4,825 per month. Households that rent pay about 19.17% of their income on rent here. New London’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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