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 Size

Housing Units by Size
Studio Type0.20%
One Bedroom8.70%
Two Bedrooms35.50%
Three Bedrooms41.70%
Four Bedrooms13.70%
Five Bedrooms or more0.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1956
Median Value of occupied units$61,900
Median Price asked for vacant units$60,000

Rented Homes, Apartments and Condos

Average Household Size1.98
Median year structure was built1958
Median Monthly Rent asked for vacant units$404

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan3%
Simple Mortgage53.10%
Debt Free39.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.5%