There are currently 5,553 real estate properties in New London, CT, with a median automated valuation model (AVM) price of $197,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New London, CT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New London, CT, is $217,930.00, with the most expensive house in New London, CT, topping out at $2,495,000.00 and the cheapest home in New London, CT, clocking in at $37,000.00. In other words, there’s something for every potential homebuyer or savvy investor in New London, CT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New London, CT, is on a rollercoaster ride. The average rent price in New London, CT, is $1,459.00. Indeed, when looking to rent in New London, CT, you can expect to pay as little as $760.00 or as much as $3,320.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in New London, CT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the New London, CT area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in New London, CT and much more. Save thousands at closing with home foreclosure listings in New London, CT — up to 75% off market value!
New London is located in New London, Connecticut, with an estimated municipal population of 26,858 residents. All of the best foreclosed homes for sale in New London are located in the following zip code areas on Foreclosure.com: 06320. The estimated population per square kilometer (.62 miles) in New London is 1,844.
So, about how much do homes cost in New London? The most recent median value of resident-owned homes in New London is 182,219. An estimated 36.9 percent of households in New London own their homes, with an average family size of 2.85. The median household income in New London is 46,298, with17 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New London, the median commute time of resident workers (in minutes) is 19. And last, but certainly not least, are you looking for homes to rent in New London? If so, the average rent price paid by renters in New London is 987, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to New London, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in New London is 31.6, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in New London is 29.1, with an average family size of 2.85.
The percentage of residents who report their race in New London is as follows:
|Black / African American||15%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near New London? Or maybe you are searching for 55+ active adult communities in and/or near New London?
The percentage of residents who report their age in New London is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in New London with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in New London.
How do you know that living in -- or moving to -- New London is right where you need to be? Perhaps you grew up in New London or already live nearby; therefore, the decision to buy a home in New London is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to New London for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in New London:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like New London.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in New London can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in New London, meanwhile, can field multiple offers from more qualified buyers.