New London, IN
Full City Profile · Indiana · Howard County County
3.5
/5.0
B+
Good
179
Population
497/sq mi density
$51,786
Median Income
$21,808 per capita
$179,200
Home Value
$255,702 Zillow
51°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$51,786 median income, 12.2% unemployment
A+
Affordability
4.7 / 5.0
$179,200 home value, /mo rent
C+
Education
2.9 / 5.0
23.7% bachelor's degree or higher
Housing Overview
Median Home Value
$179,200
36% below
US avg: $281,900
Homeownership Rate
77.4%
18% above US avg (65.4%)
Total Housing Units
42
Median year built: 1963
Home Value by Source
Census Median
$179,200
Zillow (ZHVI)
$255,702
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.4%
Owner-Occupied
22.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Affordability & Housing Stock
Rent Burden
27.7%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
77.4%
Complete Housing Data
Home Values
| Census Median Value | $179,200 |
| Zillow Home Value (ZHVI) | $255,702 |
Rent
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 77.4% |
| Renter-Occupied | 22.6% |
| Homeownership Rate | 77.4% |
| Total Housing Units | 42 |
| Median Year Built | 1963 |
| Rent Burden | 27.7% |