New London, NC 28127 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New London, NC—28127

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$300,000

0.7% YoY Growth

Household Income

$78,400

43.4% YoY Growth

Days on Market

128

24.0% Longer YoY

Home Price Forecast

3.4%

Median Rent

$3,450

112.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,600

20.0% YoY Growth

Home Price Trends — New London, NC

As of Dec '25, the median home price in New London, NC is $300,000, with a year-over-year change of 0.7%. This indicates that home prices in New London, NC are flat. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$300,000	0.7%
Single Family	$301,000	0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New London, NC

As of July '25, Rentcast reports the average rent in New London, NC is $2,830, with a year-over-year rent change of 112.8%. Per bedroom, the median rent as of July '25 in New London, NC is 3-bedrooms: $1,600, 4-bedrooms: $3,450. The most common rental property sizes in New London, NC are 3-bedroom and 2-bedroom, accounting for 47.1% and 42.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,450	$2,830
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,600	$1,600
4 Bed Rent	$3,450	$3,450

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% of Rental Stock

1 Bedroom

0.7%

2 Bedrooms

42.0%

3 Bedrooms

47.1%

4 Bedrooms

6.1%

5+ Bedrooms

4.1%

Property Listings — New London, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in New London, NC is 111. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$245,000	-43.0%
Listing Count	84	138.0%
Listings as % of Homes	1.1%	138.0%
Days on Market	128	24.0%

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Demographics — New London, NC

As of the latest ACS Survey released in 2023, New London, NC has a population of 7,680, which has decreased by -2.2% over the past 5 years. New London, NC is a moderately popular place for families, as children make up 16.1% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,680	-2.2%
% Under 18	16.1%	-8.0%
% Seniors	24.0%	15.4%
% WFH	10.0%	400.0%
% w/ College Degree	17.4%	-7.9%

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As of the latest ACS Survey released in 2023, New London, NC is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in New London, NC is black, making up 9.8% of the population. Foreign-born residents account for 3.8% of the population in New London, NC, and this percentage has increased by 58.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	80.5%	-4.3%
% Black	9.8%	-16.9%
% Hispanic	3.1%	55.0%
% Asian	3.4%	161.5%
% Foreign Born	3.8%	58.3%

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Mortgage and Risk — New London, NC

According to HUD data as of 2023, there were 172 mortgage originations in New London, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in New London, NC. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	172
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	1.0%
% Second Loans	16.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — New London, NC

New London, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	10
Total Units Section 8	10
% Rentals under Section 8	2.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$840
2 Bedroom	N/A	N/A	$1,010
3 Bedroom	-$260	$1,600	$1,340
4 Bedroom	-$1,800	$3,450	$1,650

New London, NC—28127

Key Metrics at a Glance

Home Price Trends — New London, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New London, NC

% of Rental Stock

Property Listings — New London, NC

Demographics — New London, NC

Race and Ethnicity

Mortgage and Risk — New London, NC

Mortgages

Rentals and Section 8 — New London, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — New London, NC

Home Price to Income Ratio

New London, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Badin

Richfield, NC

Misenheimer

Albemarle, NC

Gold Hill, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$300,000
Median Household Income	$78,400

New London, NC—28127

Key Metrics at a Glance

Home Price Trends — New London, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New London, NC

% of Rental Stock

Property Listings — New London, NC

Demographics — New London, NC

Race and Ethnicity

Mortgage and Risk — New London, NC

Mortgages

Rentals and Section 8 — New London, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — New London, NC

Home Price to Income Ratio

New London, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Badin

Richfield, NC

Misenheimer

Albemarle, NC

Gold Hill, NC

Frequently Asked Questions

What is the average home price in New London, NC 28127?

How have home prices in New London, NC 28127 changed over the past year?

What is the home price projection for New London, NC 28127?

What are the demographics of New London, NC 28127?

How long does it take homes to sell in New London, NC 28127?

What is the average rent price in New London, NC 28127?