New London, OH Real Estate
According to census data in the year 2000 there were 1,107 housing units in New London.
This represents a 8.3% growth from 1,022 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,107 were located in what is classified as a rural area.
Homeownership rate in New London is about 68%.
New London's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in New London were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 14.60% |
| Two Bedrooms | 25.70% |
| Three Bedrooms | 43.40% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $79,800 |
| Median Price asked for vacant units | $76,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $267 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 9% |
| Simple Mortgage | 49.90% |
| Debt Free | 33.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
