New London, CT Real Estate
According to census data in the year 2000 there were 11,560 housing units in New London.
This represents a 3.4% decline from 11,970 in 1990.
Of those housing units, 11,560 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New London is about 37.9%.
New London's vacancy rate, including seasonal lodging, is about 11.9%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in New London were built after 1944.
|Housing Units by Size|
|Five Bedrooms or more||3.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.4|
|Median year structure was built||1939|
|Median Value of occupied units||$107,900|
|Median Price asked for vacant units||$51,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.17|
|Median year structure was built||1951|
|Median Monthly Rent asked for vacant units||$486|
Owners Finance Status
|Second Mortgage & Equity Loan||0.90%|
|Home Equity Loan||6.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.1%|