New London, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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New London, WI Real Estate Data


New London Housing Market Information

With 7,172 people, 2,949 houses or apartments, and a median cost of homes of $137,890, house prices in New London are solidly below the national average.

Single-family detached homes are the single most common housing type in New London, accounting for 60.13% of the city's housing units. Other types of housing that are prevalent in New London include large apartment complexes or high rise apartments ( 20.65%), duplexes, homes converted to apartments or other small apartment buildings ( 13.81%), and a few mobile homes or trailers ( 4.52%).

The most prevalent building size and type in New London are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.19% owning and 38.81% renting.

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 ( 25.30%). A lesser amount of the housing stock also hails from before 1939 ( 21.08%). There's also some housing in New London built between 2000 and later ( 7.91%).

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 -0.08% during the period.

NeighborhoodScout's data show that during the latest twelve months, New London's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, New London's appreciation rate has been 1.34%, which annualizes to a rate of 5.45%.

Relative to Wisconsin, our data show that New London's latest annual appreciation rate is higher than 50% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$137,890

New London, WI HOME PRICES

Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 0.1
$551,001 - $826,000 0.2
$440,001 - $551,000 0.7
$330,001 - $440,000 3.0
$220,001 - $330,000 9.2
$110,001 - $220,000 57.3
$55,001 - $110,000 21.2
$0 - $55,000 8.2

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
56.7546993031563 78.4394250513347

Number Of Homes And Apartments:
2,949

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 61.19
Renters 38.81
Vacant 9.90

Housing Market Details

 

Age of Homes

AGE OF New London HOMES
2000 or Newer 7.9
1970 - 1999 45.7
1940 - 1969 25.3
1939 or Older 21.1

Types of Homes

TYPE OF New London HOMES
Single-Family 60.1
Townhomes 0.9
Small Apt. Buildings 13.8
Apt. Complexes 20.7
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF New London HOMES
No Bedroom 2.66
1 Bedroom 8.10
2 Bedrooms 35.35
3 Bedrooms 40.76
4 Bedrooms 10.97
5 or more bedrooms 2.17

New London Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
21.60% 1.16% 3 2
* 10 is highest

Popular Neighborhoods in New London

Zip Codes in New London, WI