New London, MO Real Estate
According to census data in the year 2000 there were 464 housing units in New London.
This represents a 8.4% growth from 428 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 464 were located in what is classified as a rural area.
Homeownership rate in New London is about 77.3%.
New London's vacancy rate, including seasonal lodging, is about 11.6%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in New London were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 9.50% |
| Two Bedrooms | 41.20% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $54,300 |
| Median Price asked for vacant units | $24,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 0% |
| Simple Mortgage | 49.20% |
| Debt Free | 46.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
