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 Size

Housing Units by Size
Studio Type5.50%
One Bedroom22.80%
Two Bedrooms33.30%
Three Bedrooms26.40%
Four Bedrooms8.60%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1939
Median Value of occupied units$107,900
Median Price asked for vacant units$51,000

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1951
Median Monthly Rent asked for vacant units$486

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage7.70%
Home Equity Loan6.60%
Simple Mortgage48.50%
Debt Free36.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.1%