New London, IA—52645
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New London, IA
New London, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 2.1% |
| Single Family | $175,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 1.6% |
3 Bed | $187,000 | 2.2% |
4 Bed | $207,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New London, IA
New London, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New London, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in New London, IA is 30. This is a decrease of -72.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | 56.0% |
Listing Count | 10 | 45.0% |
| Listings as % of Homes | 0.4% | 45.0% |
Days on Market | 30 | -72.0% |
Demographics — New London, IA
As of the latest ACS Survey released in 2023, New London, IA has a population of 3,470, which has increased by 2.5% over the past 5 years. New London, IA is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,470 | 2.5% |
% Under 18 | 26.2% | 10.5% |
% Seniors | 17.9% | -3.8% |
% WFH | 2.0% | -13.0% |
% w/ College Degree | 20.5% | 42.4% |
As of the latest ACS Survey released in 2023, New London, IA is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in New London, IA is hispanic, making up 2.9% of the population. Foreign-born residents account for 0.5% of the population in New London, IA, and this percentage has decreased by 70.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.0% | -2.0% |
% Black | 0.6% | 100.0% |
% Hispanic | 2.9% | 52.6% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 0.5% | -70.6% |
Mortgage and Risk — New London, IA
According to HUD data as of 2023, there were 36 mortgage originations in New London, IA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in New London, IA. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — New London, IA
New London, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — New London, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $175,000 |
| Median Household Income | $72,400 |