New London, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating New London Neighborhoods Since 2000




New London, WI 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 a population of 7,172, 3,082 total housing units (homes and apartments), and a median house value of $137,503, 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 58.83% of the city's housing units. Other types of housing that are prevalent in New London include large apartment complexes or high rise apartments ( 26.47%), duplexes, homes converted to apartments or other small apartment buildings ( 11.38%), and a few mobile homes or trailers ( 3.31%).

People in New London primarily live in small (one, two or no bedroom) single-family detached homes. New London has a mixture of owner-occupied and renter-occupied housing.

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 ( 23.59%). A lesser amount of the housing stock also hails from before 1939 ( 22.55%). There's also some housing in New London built between 2000 and later ( 7.85%).

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 -0.49% during the period.

Over the last year, New London appreciation rates have trailed the rest of the nation. In the last twelve months, New London's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New London were at 0.44%, which equates to an annual appreciation rate of 1.77%.

Relative to Wisconsin, our data show that New London's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$137,503

New London, WI HOME PRICES

Value Range
> $1,086,000 0.0
$814,001 - $1,086,000 0.2
$543,001 - $814,000 0.2
$434,001 - $543,000 1.0
$326,001 - $434,000 3.1
$217,001 - $326,000 10.1
$108,001 - $217,000 60.0
$55,001 - $108,000 21.4
$0 - $55,000 3.9

Very Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
56.0060939880464 80.4928131416838

Number Of Homes And Apartments:
3,082

New London Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
17.43% 0.94% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$797 / per month

Homeownership Rate

Homeownership
Owners 58.87
Renters 41.13
Vacant 5.46

Housing Market Details

 

Age of Homes

AGE OF New London HOMES
2000 or Newer 7.9
1970 - 1999 46.0
1940 - 1969 23.6
1939 or Older 22.5

Types of Homes

TYPE OF New London HOMES
Single-Family 58.8
Townhomes 0.0
Small Apt. Buildings 11.4
Apt. Complexes 26.5
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF New London HOMES
No Bedroom 2.55
1 Bedroom 9.88
2 Bedrooms 37.30
3 Bedrooms 37.91
4 Bedrooms 10.52
5 or more bedrooms 1.84

Popular Neighborhoods in New London

Zip Codes in New London, WI