New London, CT Real Estate
According to census data in the year 2000 there were 11,560 housing units in New London.
This represents a 3.4% decline from 11,970 in 1990.
Of those housing units, 11,560 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New London is about 37.9%.
New London's vacancy rate, including seasonal lodging, is about 11.9%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in New London were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.50% |
| One Bedroom | 22.80% |
| Two Bedrooms | 33.30% |
| Three Bedrooms | 26.40% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $107,900 |
| Median Price asked for vacant units | $51,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $486 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 48.50% |
| Debt Free | 36.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
