Housing Report for New London County, Connecticut

New London County had an owner-occupied dwelling median in 2005 of $237,400, according to the American Community Survey. This median is less than the overall Connecticut 2005 home median value of $271,500 and greater than median home value of $167,500 across the United States during the same year.

In New London County, the real estate market was made up of 114,805 homes in 2005. The county has experienced a growth in housing units, adding a total of 3,396 residential structures since 2001, a change of 3 percent.

The residential housing values in New London County, Connecticut have seen large increases from the real estate values reported in 2000. The valuations have increased by $95,200, or 66.9 percent, from when in 2000 they were valued at $142,200.

In the State of Connecticut, New London County stands 4 of 8 in terms of percentage growth in new housing structures. The county ranks 1,365 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

New London County has a relatively high percentage of high-priced residential real estate. In 2005, the American Community Survey accounted that 10.4 percent of the houses are valued over a half a million dollars.

There is a limited amount of housing that is affordable in New London County, Connecticut. In 2005, 9.6 percent of owner-occupied dwellings were valued under $125k.

Data Source: U.S. Census Bureau