New London, OH—44851
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New London, OH
As of Nov '25, the median home price in New London, OH is $193,000, with a year-over-year change of 4.5%. This indicates that home prices in New London, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 4.5% |
| Single Family | $194,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 4.7% |
3 Bed | $213,000 | 6.0% |
4 Bed | $242,000 | 7.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New London, OH
New London, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $725 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $750 | $750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New London, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in New London, OH is 48. This is a increase of 18.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | 48.0% |
Listing Count | 19 | 128.0% |
| Listings as % of Homes | 0.6% | 128.0% |
Days on Market | 48 | 18.0% |
Demographics — New London, OH
As of the latest ACS Survey released in 2023, New London, OH has a population of 5,300, which has increased by 13.3% over the past 5 years. New London, OH is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,300 | 13.3% |
% Under 18 | 21.7% | -18.1% |
% Seniors | 18.3% | 36.6% |
% WFH | 4.6% | 228.6% |
% w/ College Degree | 11.8% | 35.6% |
As of the latest ACS Survey released in 2023, New London, OH is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in New London, OH is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.3% of the population in New London, OH, and this percentage has decreased by 25.0% 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 | 92.5% | -2.1% |
% Black | 1.4% | 16.7% |
% Hispanic | 2.0% | -28.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -25.0% |
Mortgage and Risk — New London, OH
According to HUD data as of 2023, there were 65 mortgage originations in New London, OH, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in New London, OH. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Rentals and Section 8 — New London, OH
New London, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $700 | $830 |
| 2 Bedroom | $250 | $750 | $1,000 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — New London, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $193,000 |
| Median Household Income | $62,500 |