New London, CT
Full City Profile · Connecticut · Southeastern Connecticut Planning Region County
2.9
/5.0
C+
Fair
27,199
Population
4,848/sq mi density
$60,123
Median Income
$33,888 per capita
$234,800
Home Value
$331,435 Zillow
$1,303
Median Rent
32.6% income on rent
51°F
Avg Temperature
201
Violent Crime/100K
1,400 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$60,123 median income, 7.3% unemployment
A
Affordability
4.5 / 5.0
$234,800 home value, $1,303/mo rent
F
Safety
1.0 / 5.0
201 violent crimes/100K
B
Education
3.3 / 5.0
28.9% bachelor's degree or higher
Housing Overview
Median Home Value
$234,800
17% below
US avg: $281,900
Median Rent
$1,303/mo
12% above
US avg: $1,163/mo
Homeownership Rate
40.1%
39% below US avg (65.4%)
Total Housing Units
12,239
Median year built: 1943
Home Value by Source
Census Median
$234,800
Zillow (ZHVI)
$331,435
Redfin Median Sale
$345,000
Median Sale Price
$345,000
Median List Price
$332,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
40.1%
Owner-Occupied
59.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,351/mo
1 Bedroom
$1,590/mo
2 Bedroom
$1,955/mo
3 Bedroom
$2,415/mo
4 Bedroom
$2,824/mo
Census median rent:
$1,303/mo
· Zillow rent:
$1,622/mo
Market Indicators (Redfin)
Median Sale Price
$345,000
Median Days on Market
30 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
11
Price Drops
23.1%
of listings with price reduction
Price Per Sq Ft
$196
Active Inventory
26
homes for sale
Affordability & Housing Stock
Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1943
Average age of housing stock: 83 years
Homeownership Rate
40.1%
Complete Housing Data
Home Values
| Census Median Value | $234,800 |
| Zillow Home Value (ZHVI) | $331,435 |
| Redfin Median Sale | $345,000 |
| Median Sale Price | $345,000 |
| Median List Price | $332,450 |
| Price Per Sq Ft | $196 |
Rent
| Census Median Rent | $1,303 |
| Zillow Rent (ZORI) | $1,622 |
| FMR Studio | $1,351 |
| FMR 1-Bedroom | $1,590 |
| FMR 2-Bedroom | $1,955 |
| FMR 3-Bedroom | $2,415 |
| FMR 4-Bedroom | $2,824 |
Market
| Days on Market | 30 |
| Sale-to-List Ratio | 1.1% |
| Price Drops | 23.1% |
| Homes Sold | 11 |
| Active Inventory | 26 |
| Price Per Sq Ft | $196 |
Ownership & Stock
| Owner-Occupied | 40.1% |
| Renter-Occupied | 59.9% |
| Homeownership Rate | 40.1% |
| Total Housing Units | 12,239 |
| Median Year Built | 1943 |
| Rent Burden | 32.6% |