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New London, IA
Full City Profile · Iowa · Henry County County
3.2
/5.0
B
Good
2,402
Population
2,224/sq mi density
$65,815
Median Income
$28,582 per capita
$118,900
Home Value
$176,666 Zillow
$772
Median Rent
29.2% income on rent
52°F
Avg Temperature
275 sunny days/yr
127
Violent Crime/100K
2,921 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$65,815 median income, 1.8% unemployment
A+
Affordability
5.0 / 5.0
$118,900 home value, $772/mo rent
F
Safety
1.0 / 5.0
127 violent crimes/100K
C+
Education
2.7 / 5.0
21.8% bachelor's degree or higher
Housing Overview
Median Home Value
$118,900
58% below
US avg: $281,900
Median Rent
$772/mo
34% below
US avg: $1,163/mo
Homeownership Rate
77.8%
19% above US avg (65.4%)
Total Housing Units
929
Median year built: 1960
Home Value by Source
Census Median
$118,900
Zillow (ZHVI)
$176,666
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.8%
Owner-Occupied
22.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$772/mo
Affordability & Housing Stock
Rent Burden
29.2%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
77.8%
Complete Housing Data
Home Values
| Census Median Value | $118,900 |
| Zillow Home Value (ZHVI) | $176,666 |
Rent
| Census Median Rent | $772 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 77.8% |
| Renter-Occupied | 22.2% |
| Homeownership Rate | 77.8% |
| Total Housing Units | 929 |
| Median Year Built | 1960 |
| Rent Burden | 29.2% |