New London, NC Real Estate
According to census data in the year 2000 there were 166 housing units in New London.
This represents a 0.6% decline from 167 in 1990.
Of those housing units, 121 were located in either urbanized areas or urban clusters, and 45 were located in what is classified as a rural area.
Homeownership rate in New London is about 83%.
New London's vacancy rate, including seasonal lodging, is about 18.7%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in New London were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.40% |
| Two Bedrooms | 25.90% |
| Three Bedrooms | 56.60% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 4.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $83,200 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1951 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.90% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 46.20% |
| Debt Free | 35.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
