New London, IA Real Estate
According to census data in the year 2000 there were 840 housing units in New London.
This represents a 6.1% growth from 792 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 840 were located in what is classified as a rural area.
Homeownership rate in New London is about 75.4%.
New London's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in New London were built after 1957.
|Housing Units by Size|
|Five Bedrooms or more||0.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.51|
|Median year structure was built||1956|
|Median Value of occupied units||$61,900|
|Median Price asked for vacant units||$60,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.98|
|Median year structure was built||1958|
|Median Monthly Rent asked for vacant units||$404|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||3%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||13.5%|