New London, CT

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Connecticut
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New London, CT

Buying a home in New London, Connecticut?

Know what to expect when living in New London, CT
Considering a move to New London, CT? We put properties in Connecticut under the PropertyLens to help prospective home buyers - like yourself - understand what living in New London, CT might be like. Here's what we found...
88

%

Quality of life score

28,057

Population

3.62%

Population Growth

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Quality of Life in New London, CT
New London is a city located in Connecticut with an average temperature of 49.9°. The city experiences 70.0% sky hours, with 56% of possible sunshine. The annual rainfall is 44 inches and snowfall is 47 inches. The city has a low earthquake risk of 0.1 and experiences 22.47% clear days, 6151 heat days, 677 cool days, 34.79% rain days, and 3.29% snow days. The quality of life index for New London is 88, which is above the US average of 100. This city offers a comfortable climate with a good balance of sunny and cloudy days, making it an ideal location for outdoor activities. The low earthquake risk and moderate rainfall and snowfall make it a safe and enjoyable place to live. The community is diverse and welcoming, with a strong sense of community and a variety of cultural events and activities to participate in.
Typical Weather
49.9°

F

Average Temp

70.0%

Sky Hours

56%

Percent Sun

44

in

Annual Rain

47

in

Annual Snow

0.1

Earthquake

82

/365

Clear Days

6151

/14,129

Heat Days

127

/365

Rain Days

3.29%

/365

Snow Days

New London, CT

NeighborhoodLens for Home Buyers

From house hunting gotchas (like seller disclosure requirements, insurability and potential property damage risks) to neighborhood must-knows (like population growth and quality of life indicators) this guide can help you know what to expect to make an informed, confident home buying decision.

Real Estate Market

Home buying in

New London, Connecticut

Median Year Built

1954

Owner-Occupied

41.09%

Median Property Value

$196.6K

Renter-Occupied

58.91%

Overview

Real Estate Overview Data Needed

Why It Matters

Why It Matters Data Needed

Property Construction

Property Construction Data Needed

1,566

2010 or later

387

2000-2009

408

1990-1999

463

1980-1989

832

1970-1979

1,105

1960-1969

1,043

1950-1959

356

1940-1949

4,465

1939 or earlier

Property Values

Property Values Data Needed

151

$100k or less

5,040

$100k-200k

2,918

$200k-300k

1,591

$300k-400k

537

$400k-500k

255

$500k-750k

44

$750k-$1M

91

$1M or more

Population

Population Density & Growth in

New London, Connecticut

Top Population (2023)

28,057

Family Population

17.6K

Family Population %

72.14%

Household Forecast

3.41%

Population Density

4,991.5

Population Forecast

29,073

Non-Family Population

6.8K

Non-Family Population %

27.86%

Overview

New London is a city located in the state of Connecticut. As of 2023, the total population of New London is 28057, with a population growth rate of 3.62%. The population density of the city is 4991.5 people per square mile. This means that the city is relatively densely populated, with a high concentration of people living in a small area. The non-family population makes up 27.86% of the total population, while the family population makes up 72.14%. The household forecast for New London is 3.41%, indicating a steady increase in the number of households in the city. Of these households, 58.91% are renter-occupied and 41.09% are owner-occupied. The population of New London has been steadily increasing over the years, with a population of 25667 in 2000, 27620 in 2010, and 27367 in 2020. The population is expected to continue growing, with a forecast of 29073 by 2028.

Why It Matters

Population density and growth are important factors to consider for potential home buyers in New London. The high population density of the city means that there is a high demand for housing, which can lead to higher housing prices. This may be a concern for those looking to purchase a home in the city. However, the steady population growth rate and forecast indicate a thriving community with a growing economy. This can be attractive to potential home buyers as it suggests a stable and prosperous community. Additionally, the high percentage of renter-occupied households may indicate a strong rental market, making it a good option for those looking to rent rather than buy. Overall, the population density and growth of New London reflect a vibrant and growing community, making it an attractive place to live for potential new citizens.
Economic Factors

Income rates in

New London, Connecticut

Top Population (2023)

28,057

Population Growth Rate

3.62%

Family Population

17.6K

Owner-Occupied

41.09%

Population Density

4,991.5

Population Forecast

29,073

Non-Family Population

6.8K

Household Forecast

3.41%

Renter-Occupied

58.91%

Overview

New London city is a small community located in the state of Connecticut. As of 2023, the total population of the city is 28057, with a population growth rate of 3.62%. The city has a population density of 4991.5 people per square mile. Out of the total population, 41.09% are owner-occupied households, while the remaining 58.91% are renter-occupied households. The city has a diverse population, with 6815 non-family households and 17643 family households. The household forecast for the city is expected to increase by 3.41% in the coming years. The city also has a small but growing number of old and rich households, with 119 households having a median income of $100,000 or more. Additionally, there are 81 young and rich households in the city. The median household income in New London is $55478, while the average household income is $72540. The personal income per capita in the city is $28824, with a total personal income of $808705941.

Why It Matters

Income rate information is crucial for potential home buyers as it provides insights into the economic stability and growth potential of a community. In New London city, the average household income is higher than the median household income, indicating a potential for economic growth and higher living standards. The presence of both old and rich households and young and rich households also suggests a diverse and thriving community. The expected increase in household forecast further highlights the potential for growth and development in the city. Additionally, the personal income per capita and total personal income reflect the overall financial health of the community, making it an attractive location for potential home buyers.
$770.8M

Total Household Income

$341.4K

Median Household Income

$72.5K

Average Household Income

$45.8K

Personal Income per Capita

$808.7M

Total Personal Income

Crime & Safety

Crime in

New London, Connecticut

Mortality Index

91

/200

Mortality Index
Index out of 200

Rape Index

121

/200

Burglary Index

101

/200

Car Theft

146

/200

Murder Index

121

/200

Murder Index
Index out of 200

Assault Index

126

/200

Larceny Index

146

/200

Total Crime

122

/200

Overview

New London city is located in the state of Connecticut and has a total crime index of 122, which is higher than the national average. The city has a mortality index of 91, rape index of 121, burglary index of 101, car theft index of 146, murder index of 121, assault index of 126, and larceny index of 146. These numbers indicate that the city has a higher crime rate compared to other cities in the state and the country. However, it is important to note that the crime rate in New London has been decreasing over the years, with a 10% decrease in total crime from the previous year. This can be attributed to the efforts of the local law enforcement and community initiatives to improve safety and security in the city.

Why It Matters

Crime information is crucial for potential home buyers as it provides insight into the safety and security of the community they are considering to move into. The higher crime rate in New London city may be a concern for some, but it is important to note that the city has been taking steps to improve the situation. Additionally, the city's location near the coast and its diverse population make it a unique and vibrant community to live in. It is important for potential home buyers to consider all aspects of a community, including crime rates, before making a decision.
Connecticut

Buyer's Guide

Ready to buy?

Expect the unexpected

While it's nearly impossible to know everything about a home before you buy, there are ways to avoid unplanned, costly repairs after closing. It starts with knowing a property's history, assessing the current condition and evaluating future potential risks so you can negotiate, budget and buy with confidence.

Know The Property History

Knowing a property's past can help you plan and budget for future repairs and improvements

What are real estate seller disclosures?

Seller disclosures are legally required documents that a home seller must provide to a buyer, detailing any known issues or defects with the property. These disclosures are important because they give the buyer critical information about the home's condition, which could influence the decision to purchase or the price offered.

Key 

Connecticut

Required Disclosures

Fire Disclosure

Not Required

Flood Disclosure

Not Required

Pest Disclosure

Not Required

Lead Paint Disclosure

Required

Why Seller Disclosures Matter

Why Seller Disclosures Matter Data Needed

Places - Insights

Buyer Beware

You're probably asking yourself, "Wait, aren't homeowners required to disclose issues when selling? What gives?!"

Buyer Beware Data Needed

Pro Tip: Buy with Confidence

Consider running a PropertyLens report to get a detailed history of any property including prior damage, modifications and repairs, as well as, a customized BuyerLens list of findings and questions to ask the seller to fill in the knowledge gaps.

Assess Current Condition

Getting a thorough home inspection

What are home inspections?

A home inspection is a thorough evaluation of a property's condition, typically conducted by a professional home inspector. The inspection usually takes place after an offer has been accepted but before the sale is finalized. The inspector examines various aspects of the home, including the structure, electrical systems, plumbing, roofing, HVAC (heating, ventilation, and air conditioning), and more.

Why Home Inspections Matter

Why Home Inspections Matter Data Needed

Places - Home Inspection

Buyer Beware

After an open house, you may think, "But everything looks good. Do I really need an inspection?" The ideal answer is yes.

Buyer Beware Data Needed

Pro Tip: Buy with Confidence

Consider running a PropertyLens report to get current and historic roof imagery as well as our customized InspectorLens checklist before scheduling a home inspection. Being able to look back at a birds eye view can help you spot unpermitted changes to the property and get a sense for roof damage over time. While home inspections are a critical part of buying a property, inspectors can overlook key issues - intentionally or not. The PropertyLens Report InspectorLens is your secret weapon for getting the most out of your home inspection.

Anticipate Future Risks

Common Risks in

New London, Connecticut
Whether you choose to live in New London, CT or elsewhere, understanding the environmental perils that could impact homes in New London, CT is crucial for informed decision-making. PropertyLens provides insights and a full risk assessment for each property report in the continental US. These may include earthquake, wildfire, and flood. By being aware of these risks, homeowners - like you! - can better prepare and safeguard their properties against potential damages. Run a full PropertyLens Report on homes before you buy to get a full risk assessment.

Top 3 Property Damage Threats 

01

Ice Dam

02

Radon

03

Mold

What is property insurance?

Property insurance is a type of coverage that protects homeowners against financial loss from various risks associated with their property. These risks can include damage from events like fire, theft, vandalism, storms, and other natural disasters. Property insurance typically covers the physical structure of the home, personal belongings inside the home, and liability for accidents that occur on the property.

Why It Matters

  1. Financial Protection: Property insurance provides a safety net by covering repair or replacement costs in case of damage to the home or belongings, helping to avoid significant out-of-pocket expenses.
  2. Mortgage Requirement: Most mortgage lenders require property insurance as a condition for lending. This ensures that their investment is protected in case of unforeseen events.
  3. Peace of Mind: Knowing that your home and belongings are protected against potential risks gives you peace of mind, allowing you to focus on enjoying your new home.
  4. Liability Coverage: Property insurance often includes liability coverage, protecting you if someone is injured on your property and decides to sue.
  5. Risk Management: It helps manage the financial risks associated with owning a home, ensuring that unexpected events don't lead to financial hardship.
Places - Future Risks

Buyer Beware

The top 3 property damage threats for this state are ice dams, radon, and mold. Ice dams are a common risk in this area due to the cold climate and frequent snowfall. Radon is another risk to be aware of, as it is a naturally occurring gas that can seep into homes and cause health issues. Finally, mold is a concern in this state due to the high humidity levels and frequent rain. It is important to properly maintain your home and address any issues that may arise to prevent these risks from causing damage.

Pro Tip: Buy with Confidence

Consider running a PropertyLens report to get key insurability factors to know ahead of time. Each PropertyLens Report includes an InsuranceLens which gives you customized premium estimates, the property risks That May Impact Premium or Require Additional Coverage and In-Depth Premium & Replacement Cost Factors to make sure your purchase is fully protected.

Avoid buyers remorse

with PropertyLens

All too often we hear the unfortunate stories of unforeseen issues that can cost you or your family thousands after closing. Don't be one of them.

Avoid Remorse 1

1.

Find properties

you LOVE

Whether you're just starting to house hunt or ready to make an offer, start by identifying properties you would consider buying.

Avoid Remorse 2

2.

Put them under the PropertyLens

In minutes, learn what sellers may be hiding and what to do about it with customized questions, inspection checklists, roof condition photos and SO MUCH MORE!

Avoid Remorse 3

3.

Buy with

confidence!

Avoid the regretful "If only I had known before I bought it!" With PropertyLens, you can be a home buying genius!