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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



New London, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

New London, WI Housing Market Trends

With 7,425 people, 582 houses or apartments, and a median cost of homes of $211,158, house prices in New London are solidly below the national average.

Single-family detached homes are the single most common housing type in New London, accounting for 52.01% of the city's housing units. Other types of housing that are prevalent in New London include duplexes, homes converted to apartments or other small apartment buildings ( 26.48%), large apartment complexes or high rise apartments ( 21.51%).

People in New London primarily live in small (one, two or no bedroom) single-family detached homes. New London has a mixture of owner-occupied and renter-occupied housing.

New London homes and real estate are some of the newest in America. 33.07% of New London's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New London real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 27.29%), and between 1940-1969 ( 20.87%). There's also some housing in New London built between 1970-1999 ( 18.78%).

New London Home Appreciation Rates

Real estate appreciation rates in New London's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.76% during the period.

NeighborhoodScout's data show that during the latest twelve months, New London's appreciation rate, at 5.63%, has been at or slightly above the national average. In the latest quarter, New London's appreciation rate has been 1.72%, which annualizes to a rate of 7.04%.

Relative to Wisconsin, our data show that New London's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$211,158

New London, WI Home Prices
> $1,351,000
$1,013,001 - $1,351,000
$676,001 - $1,013,000
$540,001 - $676,000
$406,001 - $540,000
$270,001 - $406,000
$135,001 - $270,000
$68,001 - $135,000
$0 - $68,000
0.1%
0.1%
0.2%
0.2%
1.3%
1.3%
3.1%
3.1%
5.5%
5.5%
20.6%
20.6%
57.0%
57.0%
6.5%
6.5%
5.7%
5.7%
0% 100.0%
% of Homes
Very Low

for Wisconsin

Low

for nation

Number of Homes And Apartments:

582

New London Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,430 / per month

Homeownership Rate

Owners
Renters
41.0%
41.0%
59.0%
59.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.1%
33.1%
18.8%
18.8%
20.9%
20.9%
27.3%
27.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.0%
52.0%
0.0%
0.0%
26.5%
26.5%
21.5%
21.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.2%
4.2%
9.0%
9.0%
35.5%
35.5%
28.9%
28.9%
17.8%
17.8%
4.7%
4.7%
0% 100.0%
% of Homes

Popular Neighborhoods in New London

Zip Codes in New London, WI