New London, WI Real Estate
According to census data in the year 2000 there were 3,040 housing units in New London.
This represents a 12.8% growth from 2,694 in 1990.
Of those housing units, 3,016 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.
Homeownership rate in New London is about 63.1%.
New London's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in New London were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 14.90% |
| Two Bedrooms | 32.40% |
| Three Bedrooms | 40.80% |
| Four Bedrooms | 9.70% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $83,600 |
| Median Price asked for vacant units | $89,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $391 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 12.30% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 47.10% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
