The typical owner-occupied home in New London is worth about $481,000, 20% above the New Hampshire median of $402,500 and 45% above the national median of $332,700. Owners pay a median $5,598 a year in property taxes, about 1.16% of their home's value, lower than the New Hampshire rate of 1.66%. 54% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
New London at a glance
| New London | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $481,000 | $402,500 | $332,700 |
| Median property tax paid per year | $5,598 | $6,667 | $3,119 |
| Property tax as a share of value | 1.16% | 1.66% | 0.94% |
| Median household income | – | $99,031 | $80,734 |
| Homes lived in by their owners | 54% | 73% | 65% |
| Owner homes with a mortgage | 61% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,371 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 21.9% | 21.0% |
| Median rent | $1,520 | $1,491 | $1,413 |
| Rent as a share of renters' income | 41.1% | 29.4% | 30.6% |
| Median year homes were built | 1954 | 1979 | 1980 |
| Vacant homes | 20.8% | 14.3% | 10.1% |
| Population | 1,278 | 1,394,868 | 334,922,499 |
What a typical home costs per month in New London
At this week's average 30-year rate of 7.11%, buying the median New London home of $481,000 with 20% down costs about $3,254 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,055, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $139,455 for the 20%-down payment.
The median rent here is $1,520 a month, so owning the median home costs about $1,734 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $96,200 |
|---|---|
| Loan amount | $384,800 |
| Principal and interest | $2,589 |
| Property taxes (1.16% a year) | $465 |
| Homeowners insurance (our estimate, 0.5% a year) | $200 |
| PMI | $0 |
| Total per month | $3,254 |
Change the numbers in the calculator
| Down payment | $16,835 |
|---|---|
| Loan amount | $472,288 |
| Principal and interest | $3,177 |
| Property taxes (1.16% a year) | $465 |
| Homeowners insurance (our estimate, 0.5% a year) | $200 |
| FHA mortgage insurance | $213 |
| Total per month | $4,055 |
Change the numbers in the calculator
Questions about home buying in New London
What is the median home value in New London?
About $481,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New London?
Homeowners pay a median $5,598 a year, which is about 1.16% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in New London?
For the median home with 20% down at 7.11%, the payment is about $3,254 a month. Keeping that under 28% of gross income takes about $139,455 a year.
More about New London
- Mortgage Refinance in New London
- Debt Relief in New London
- Home Equity Loans in New London
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data