Home prices
The median home price in New London is $86,800. In comparison to other places in this area this is approximately $18,440 (17%) lower.Compared to the rest of the nation it is roughly $130,700 (60%) lower, and compared to the city of Cedar Rapids is approximately $55,000 (38%) lower.
Rents
New London's median rent is $680 a month. It is roughly $100 (12%) lower in comparison to its surrounding areas.Compared to the entire country it is approximately $382 (35%) lower, and compared to the city of Cedar Rapids it is roughly $87 (11%) lower.
Nearby places
Danville
Danville is roughly 5 miles southeast from New London. The real estate prices there are a little more expensive. The median home in Danville is valued at $110,400, which comes out to $23,600 (21%) higher than New London. The rent there is similar. In Danville the median monthly rent is $703, which is $23 (3%) higher than New London.
Mount Pleasant
Mount Pleasant is approximately 6 miles west from New London. The housing prices there are somewhat more expensive. Mount Pleasant's median home value is $116,500, which comes out to $29,700 (25%) higher than New London. The rent there is fairly similar. In Mount Pleasant the median monthly rent is $691, which works out to $11 (1%) higher than New London.
Middletown
Middletown is roughly 8 miles southeast of New London. Its housing prices are a lot more expensive. The median home value in Middletown is $130,700, which is $43,900 (33%) higher than New London. Rents there are somewhat more expensive. In Middletown the median monthly rent is $771, which works out to $91 (11%) higher than New London.
Mount Union
Mount Union is approximately 9 miles north of New London. The real estate prices there are a little less expensive. Mount Union's median home value is $72,800, which is $14,000 (19%) lower than New London. Rents there are a little more expensive. The median rent in Mount Union is $875 per month, which comes out to $195 (22%) higher than New London.
Beaverdale
Beaverdale is approximately 9 miles southeast of New London. The housing prices there are a little more expensive. The value of the median home in Beaverdale is $95,800, which works out to $9,000 (9%) higher than New London. Rent there is somewhat more expensive. The median monthly rent in Beaverdale is $861, which comes out to $181 (21%) higher than New London.
