Home Values

New London Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$127,400

  • -0.2% 1-year change
  • None 1-year forecast

The median home value in New London is $127,400. New London home values have declined -0.2% over the past year.

Foreclosures will be a factor impacting home values in the next several years. In New London 3.5 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New London is 3.8%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New London homeowners underwater on their mortgage is 11.0%.

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Relative ZHVI
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New London Market Overview

Data through Apr 30, 2015
  • $127,400 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No recent data Median sale price
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New London Market Health

Data through Apr 30, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 11.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.5 homes New London
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Gold Hill $155,500
Mount Pleasant $142,400
Richfield $141,600
Name Median ZHVI
Locust $135,200
Norwood $122,200
Rockwell $119,800
Name Median ZHVI
Oakboro $114,700
Albemarle $97,300
Denton $89,000

Listings & Sales

  • No data
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New London Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,018 New London
    $967 Albemarle Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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