Housing in New London, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$174,437
New London vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. New London is highlighted.
Median Home Value
30th%ilemost expensive$118,900show rank
Median Rent
26th%ilemost expensive rent$772show rank
Rent Burden
18th%ilehighest rent burden14.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$118,900
Median Rent
$772
Total Housing Units
887
Vacancy Rate
5.2%
Owner Occupied
77.8%
Renter Occupied
22.2%
Median Property Tax
$1,968
per year
Monthly Cost (w/ Mortgage)
$954
Housing Types
Single Family83.5%
Multi-Family8.8%
Mobile Home7.7%
The median home value in New London, IA is $118,900. According to Zillow, the home value index for New London is $174,437. The median rent is $772 per month (Census ACS). About 77.8% of housing units are owner-occupied. The median year homes were built is 1961. There are 887 total housing units.