New London, TX Real Estate
According to census data in the year 2000 there were 389 housing units in New London.
This represents a 0.5% decline from 391 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 389 were located in what is classified as a rural area.
Homeownership rate in New London is about 86.5%.
New London's vacancy rate, including seasonal lodging, is about 12.1%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in New London were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 8% |
| Two Bedrooms | 27% |
| Three Bedrooms | 56.60% |
| Four Bedrooms | 6.70% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $46,400 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.50% |
| Home Equity Loan | 7% |
| Simple Mortgage | 31.70% |
| Debt Free | 58.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
