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.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2.40%
Two Bedrooms25.90%
Three Bedrooms56.60%
Four Bedrooms10.20%
Five Bedrooms or more4.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1962
Median Value of occupied units$83,200
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1951

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage9.90%
Home Equity Loan8.80%
Simple Mortgage46.20%
Debt Free35.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%