What is the median home price in New London?

The median home price in New London, New London city, Connecticut is $220,300, which is 22% below the national average of 281,900 ($281,900).

New London, New London city, Connecticut has a violent crime rate of 0.4 per 1,000 residents, which is 89% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 25.6 per 1,000 residents.

What is the Walk Score for New London?

New London, New London city, Connecticut has a Walk Score of 32 out of 100, classified as "Car-Dependent." The national average Walk Score is 48/100. The bike score is 30/100.

What is the median household income in New London?

The median household income in New London, New London city, Connecticut is $56,237, which is 25% below the national average of 74,580 ($74,580).

What is the average rent in New London?

The median rent in New London, New London city, Connecticut is $1,583 per month. The national average median rent is $1,163/month.

What is the air quality in New London?

New London, New London city, Connecticut has an Air Quality Index (AQI) of 38, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of New London?

The population of New London, New London city, Connecticut is approximately 27,596. The homeownership rate is 87.0% (national average: 65.9%).

What are the climate risks in New London?

New London, New London city, Connecticut has an overall climate risk rating of "Relatively Low" with a risk score of 49.75. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is New London affordable?

New London, New London city, Connecticut has an affordability index of 153, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 25.5¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in New London?

The unemployment rate in New London, New London city, Connecticut is 7.1%. The national average unemployment rate is 3.7%. The poverty rate is 21.5% (national average: 12.4%).

New London

New London city, Connecticut

Affordable

About New London

New London is a hidden gem on the Connecticut coast, offering a refreshing alternative to the often-overpriced Northeast corridor. Imagine a life where you can enjoy stunning waterfront views and a vibrant, walkable downtown without breaking the bank. With a median home value of just $220,300, New London presents a remarkable affordability factor, especially when compared to the national median. The pace of life is relaxed, with a strong sense of community and a rich maritime history that permeates every aspect of the city. Stroll along the Thames River, explore the historic architecture, and immerse yourself in a lifestyle that balances work and leisure seamlessly.

From an investment perspective, New London is primed for growth. While the median household income sits at $56,237, the cost of living remains exceptionally manageable. This makes it an attractive destination for first-time homebuyers, young professionals, and those seeking a more affordable retirement option. The city's location provides convenient access to major cities like Boston and New York, while the close-knit community fosters a sense of security and belonging. This is a place where you can truly put down roots, build a life, and watch your investment grow.

New London, Connecticut at a Glance

New London is a city in New London city, Connecticut with a population of approximately 27,596. The median home value is $220,300 and the median household income is $56,237. It has a Walk Score of 32 out of 100, indicating car dependency. The violent crime rate is 0.4 per 1,000 residents, which is 89% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Low." Median rent is $1,583 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.