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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 8.70% |
| Two Bedrooms | 35.50% |
| Three Bedrooms | 41.70% |
| Four Bedrooms | 13.70% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 3% |
| Simple Mortgage | 53.10% |
| Debt Free | 39.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.5% |
