Housing & Real Estate — New London, Minnesota

Overview

Total Housing Units536
Occupied487
Vacant49
Owner-Occupied343
Renter-Occupied144
Median Home Value (Census)$218,800
Estimated 2026~$242,000
Median Rent$960/mo
Median Property Tax$2,544/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilitymoderate
Rent as % of Income16.8%
Severely Rent-Burdened43.2%

Housing Age

Built 2010 or later21
Built 2000-2009129
Built 1990-199977
Built before 1960166
Median Year Built1978
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.