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New London, IA Housing

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As of 2010-2014, median price of a house in New London is $80,800, which is lower than the state average of $126,300 and is much lower than the national average of $175,700. The New London median house value has grown by 30.53% since 2000. The growth rate for the price of a house in New London is lower than the state average rate of 53.09% and is lower than the national average rate of 46.91%. The median year that a house in New London was built is 1961, which is older than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 662 Owner Occupied Houses in New London, IA, #473

New London, IA	80,800 USD
Iowa	126,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #713

New London, IA	30.53%
Iowa	53.09%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	New London, IA	Iowa	U.S.
Total Housing Units	811, see rank, 100%	1,348,151	132,741,033
Occupied Housing Units	770, 94.94%, see rank	91.40%	87.55%
Owner Occupied	662, 81.63%, see rank	65.64%	56.34%
Renter Occupied	108, 13.32%, see rank	25.76%	31.21%
Vacant Housing Units	41, 5.06%, see rank	8.60%	12.45%
For Rent	8, 0.99%, see rank	1.72%	2.34%
For Sale Only	0, 0.00%, see rank	1.16%	1.20%
Rented or Sold, Not Occupied	12, 1.48%, see rank	0.79%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	1.48%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	21, 2.59%, see rank	3.45%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #297

New London, IA	Iowa	U.S.
1961	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	New London, IA	%	Iowa	U.S.
Owner-Occupied Units	662	100%	884,984	74,787,460
With a Mortgage	364	54.98%, see rank	61.75%	65.58%
Without a Mortgage	298	45.02%, see rank	38.25%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

New London, IA	867 USD
Iowa	1,181 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	New London, IA	%	Iowa	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	7	1.92%, see rank	2.39%	1.59%
$500 to $699	85	23.35%, see rank	8.63%	5.01%
$700 to $999	147	40.38%, see rank	23.95%	14.32%
$1,000 to $1,499	79	21.70%, see rank	35.90%	27.90%
$1,500 to $1,999	36	9.89%, see rank	17.17%	20.35%
$2,000 to $2,999	10	2.75%, see rank	9.44%	19.52%
$3,000 or More	0	0.00%, see rank	2.31%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

New London, IA	18.20% of the Total Income
Iowa	20.00% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	New London, IA	%	Iowa	U.S.
10% or Less	22	6.04%, see rank	7.42%	5.86%
10% to 20%	205	56.32%, see rank	42.29%	31.95%
20% to 30%	54	14.84%, see rank	27.59%	27.64%
30% to 40%	25	6.87%, see rank	10.63%	13.74%
40% or More	58	15.93%, see rank	11.73%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

New London, IA	403 USD
Iowa	431 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	New London, IA	%	Iowa	U.S.
$199 or Less	16	5.37%, see rank	5.58%	7.76%
$200 to $299	63	21.14%, see rank	14.17%	14.70%
$300 to $499	160	53.69%, see rank	45.62%	34.63%
$500 to $699	51	17.11%, see rank	23.27%	21.16%
$700 or More	8	2.68%, see rank	11.37%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

New London, IA	12.60% of the Total Income
Iowa	11.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	New London, IA	%	Iowa	U.S.
10% or Less	96	32.21%, see rank	43.38%	40.19%
10% to 20%	135	45.30%, see rank	32.92%	31.47%
20% to 30%	32	10.74%, see rank	11.83%	12.24%
30% to 40%	12	4.03%, see rank	4.69%	5.64%
40% or More	18	6.04%, see rank	6.38%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	New London, IA	Iowa	U.S.
Total Housing Units	811, 100%	1,348,151	132,741,033
1-unit, Detached	675, 83.23%, see rank	73.88%	61.65%
1-unit, Attached	3, 0.37%, see rank	3.72%	5.82%
2 Units	40, 4.93%, see rank	2.37%	3.75%
3 or 4 Units	29, 3.58%, see rank	3.38%	4.43%
5 to 9 Units	0, 0.00%, see rank	3.70%	4.78%
10 or More Units	5, 0.62%, see rank	9.11%	13.08%
Mobile Home, Boat, RV, Van, etc.	59, 7.27%, see rank	3.84%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	New London, IA	Iowa	U.S.
Total Housing Units	811, 100%	1,348,151	132,741,033
1 Room	14, 1.73%, see rank	1.15%	1.95%
2 Rooms	2, 0.25%, see rank	2.07%	2.48%
3 Rooms	36, 4.44%, see rank	7.28%	9.13%
4 Rooms	114, 14.06%, see rank	14.50%	16.60%
5 Rooms	191, 23.55%, see rank	18.57%	20.41%
6 Rooms	160, 19.73%, see rank	17.20%	18.06%
7 Rooms	90, 11.10%, see rank	13.83%	12.27%
8 Rooms	97, 11.96%, see rank	10.61%	8.48%
9 Rooms or More	107, 13.19%, see rank	14.79%	10.60%
Median Rooms	5.80, see rank	5.90	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	New London, IA	Iowa	U.S.
Total Housing Units	811, 100%	1,348,151	132,741,033
No Bedroom	14, 1.73%, see rank	1.33%	2.17%
1 Bedroom	44, 5.43%, see rank	9.36%	11.16%
2 Bedrooms	272, 33.54%, see rank	28.37%	26.69%
3 Bedrooms	366, 45.13%, see rank	38.82%	39.70%
4 Bedrooms	97, 11.96%, see rank	17.31%	16.05%
5 or More Bedrooms	18, 2.22%, see rank	4.82%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	New London, IA	Iowa	U.S.
Total Housing Units	770, 100%	1,232,228	116,211,092
Utility Gas	665, 86.36%, see rank	63.45%	48.85%
Bottled, Tank, or LP Gas	15, 1.95%, see rank	13.26%	4.86%
Electricity	78, 10.13%, see rank	19.45%	36.68%
Fuel Oil, Kerosene, etc.	6, 0.78%, see rank	0.74%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	3, 0.39%, see rank	1.64%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.93%	0.47%
No Fuel Used	3, 0.39%, see rank	0.49%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	New London, IA	Iowa	U.S.
Occupied Units Paying Rent	103, 100%	324,469	39,201,928
$199 or Less	0, 0.00%, see rank	1.67%	1.50%
$200 to $299	2, 1.94%, see rank	4.14%	3.18%
$300 to $499	17, 16.50%, see rank	16.06%	7.37%
$500 to $699	53, 51.46%, see rank	29.77%	16.01%
$700 to $999	28, 27.18%, see rank	31.63%	29.17%
$1,000 to $1,499	0, 0.00%, see rank	12.90%	26.88%
$1,500 to $1,999	3, 2.91%, see rank	2.30%	9.79%
$2,000 or More	0, 0.00%, see rank	1.53%	6.10%
Median	$582, see rank	$689	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	New London, IA	Iowa	U.S.
Occupied Housing Units	770, 100%	1,232,228	116,211,092
No Vehicles Available	31, 4.03%, see rank	5.69%	9.12%
1 Vehicles Available	228, 29.61%, see rank	30.25%	33.80%
2 Vehicles Available	294, 38.18%, see rank	39.60%	37.48%
3 or More Vehicles Available	217, 28.18%, see rank	24.45%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.