Home prices
The median home price in New London is $181,900. In comparison to the surrounding areas it is about $74,840 (29%) lower.It is approximately $35,600 (16%) lower compared to the nation as a whole, and is roughly $45,200 (19%) lower compared to the city of Worcester.
Rents
New London's median monthly rent is $987. Compared to the surrounding areas this is roughly $128 (11%) lower.It is approximately $75 (7%) lower in comparison to the country as a whole, and it is roughly $108 (9%) lower in comparison to the city of Worcester.
Nearby places
Waterford
Waterford is New London's neighbor to the west. Its real estate prices are somewhat more expensive. Waterford's median home value is $197,600, which is $15,700 (7%) higher than New London. Rents there are somewhat more expensive. Waterford's median rent is $1,187 per month, which works out to $200 (16%) higher than New London.
Groton
Groton is New London's neighbor to the southeast. Its housing prices are somewhat more expensive. The price of the median home in Groton is $221,800, which works out to $39,900 (17%) higher than New London. The rent there is fairly similar. In Groton the median monthly rent is $1,014, which is $27 (2%) higher than New London.
Poquonock Bridge
Poquonock Bridge is roughly 3 miles east of New London. Its real estate prices are somewhat less expensive. The value of the median home in Poquonock Bridge is $153,200, which works out to $28,700 (18%) lower than New London. Its rents are a bit more expensive. In Poquonock Bridge the median monthly rent is $1,158, which is $171 (14%) higher than New London.
Niantic
Niantic is about 4 miles west of New London. Housing prices there are substantially more expensive. Niantic's median home cost is $294,200, which comes out to $112,300 (38%) higher than New London. Rents there are a little more expensive. In Niantic the median rent is $1,218 a month, which comes out to $231 (18%) higher than New London.
Noank
Noank is approximately 4 miles east of New London. Housing prices there are a lot more expensive. The value of the median home in Noank is $416,900, which works out to $235,000 (56%) higher than New London. Its rents are fairly similar. Noank's median rent is $1,000 per month, which works out to $13 (1%) higher than New London.
