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

$93,900

  • 11.0% 1-year change
  • None 1-year forecast

The median home value in New London is $93,900. New London home values have gone up 11.0% over the past year. The median list price per square foot in New London is None.

Foreclosures will be a factor impacting home values in the next several years. In New London 5.4 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

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 4.5%, which is lower than the national value of 6.0%. 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 21.9%.

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Relative ZHVI
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New London Market Overview

Data through May 31, 2015
  • $93,900 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 May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 21.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.5% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Berlin Heights $139,900
Oberlin $115,000
Wellington $103,500
Name Median ZHVI
Shiloh $79,300
 
 

Listings & Sales

  • No data
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New London Rentals

Data through May 31, 2015
  • 3.4 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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