All Countries
New London, MN
Full City Profile · Minnesota · Meeker County County
4.4
/5.0
A
Great
1,156
Population
896/sq mi density
$66,830
Median Income
$34,998 per capita
$209,300
Home Value
$324,165 Zillow
$960
Median Rent
30.3% income on rent
43°F
Avg Temperature
270 sunny days/yr
A
Overall
4.4 / 5.0
Strong
A
Economy
4.3 / 5.0
$66,830 median income, 0.1% unemployment
A+
Affordability
4.9 / 5.0
$209,300 home value, $960/mo rent
B+
Education
4.0 / 5.0
36.9% bachelor's degree or higher
Housing Overview
Median Home Value
$209,300
26% below
US avg: $281,900
Median Rent
$960/mo
17% below
US avg: $1,163/mo
Homeownership Rate
70.4%
8% above US avg (65.4%)
Total Housing Units
552
Median year built: 1978
Home Value by Source
Census Median
$209,300
Zillow (ZHVI)
$324,165
Median Sale Price
$415,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
70.4%
Owner-Occupied
29.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$960/mo
Market Indicators (Redfin)
Median Days on Market
315 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$148
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
30.3%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
70.4%
Complete Housing Data
Home Values
| Census Median Value | $209,300 |
| Zillow Home Value (ZHVI) | $324,165 |
| Median Sale Price | $415,000 |
| Price Per Sq Ft | $148 |
Rent
| Census Median Rent | $960 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 315 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 28.6% |
| Homes Sold | 1 |
| Active Inventory | 7 |
| Price Per Sq Ft | $148 |
Ownership & Stock
| Owner-Occupied | 70.4% |
| Renter-Occupied | 29.6% |
| Homeownership Rate | 70.4% |
| Total Housing Units | 552 |
| Median Year Built | 1978 |
| Rent Burden | 30.3% |