New London, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New London Neighborhoods Since 2000




New London, MN Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

New London Housing Market Information

With 1,328 people, 559 houses or apartments, and a median cost of homes of $206,225, New London real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in New London, accounting for 61.91% of the city's housing units. Other types of housing that are prevalent in New London include large apartment complexes or high rise apartments ( 19.77%), row houses and other attached homes ( 12.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.67%).

Dwellings in New London tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.84% of the homes in New London have two or fewer bedrooms.

There is a lot of housing in New London built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in New London built between 1940-1969 ( 25.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.58%). There's also some housing in New London built before 1939 ( 17.50%).

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 0.00% during the period.

NeighborhoodScout's data show that during the latest twelve months, New London's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, New London's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

Relative to Minnesota, our data show that New London's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$206,225

New London, MN HOME PRICES

Value Range
> $1,091,000 0.0
$818,001 - $1,091,000 3.3
$545,001 - $818,000 6.5
$436,001 - $545,000 4.8
$327,001 - $436,000 5.5
$218,001 - $327,000 27.4
$109,001 - $218,000 32.0
$55,001 - $109,000 12.9
$0 - $55,000 7.6

High for MN
High for Nation

Value Relative to Nation Value Relative to State
30.7336224071253 38.8090349075975

Number Of Homes And Apartments:
559

New London Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.03% 2.54% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 65.56
Renters 34.44
Vacant 9.40

Housing Market Details

 

Age of Homes

AGE OF New London HOMES
2000 or Newer 20.6
1970 - 1999 36.6
1940 - 1969 25.3
1939 or Older 17.5

Types of Homes

TYPE OF New London HOMES
Single-Family 61.9
Townhomes 12.2
Small Apt. Buildings 5.7
Apt. Complexes 19.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF New London HOMES
No Bedroom 2.92
1 Bedroom 15.88
2 Bedrooms 34.04
3 Bedrooms 31.60
4 Bedrooms 11.18
5 or more bedrooms 4.38

Popular Neighborhoods in New London

Popular Communities Near New London, MN

Zip Codes in New London, MN