Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$430,928+7.0% YoY · prices are rising fast
Income needed to buy, per year$93,416About 1.2× the local median income ($78,552): a stretch for a typical household
The typical home in New London County, CT is worth $430,928, up 7.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $356,604, so the area is 20.8% overvalued. A household needs about $93,416 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,552. Typical rent is $2,099 a month. In the latest IRS figures, 377 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$430,928
Change in 1 year
+7.0%
Overvalued %
+20.8%
Show 6 more
Fair home value
$356,604
Change in 5 years
+43.8%
Home value to income
5.5×
Monthly mortgage payment (20% down)
$2,335
Income needed to afford it
$93,416
Property tax rate
1.89%
Rent and investing
Typical rent
$2,099
Price-to-rent ratio
17.1×
HUD Fair Market Rent, 2 bedrooms
$1,641
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Gross rental yield
5.85%
Cap rate (estimate)
3.80%
People and jobs
Median household income
$78,552
Population change (1 year)
−0.4%
Unemployment rate
5.2%
Show 4 more
Population
265,206
Income adjusted for cost of living
$79,506
Net moves in (IRS)
+377
Cost of living (US = 100)
97.9
Schools, risk and environment
Unhealthy air days a year
8
Walkability (1 to 20)
9.1
Road, rail and air noise
54 dB
Questions people ask
Is New London County, CT overvalued?
Home prices in New London County, CT are well above what local incomes have historically supported: fair value is about $356,604, so the area is 20.8% overvalued.
Are home prices going down in New London County, CT?
Home values in New London County, CT are up 7.0% over the last year.
How much do you need to earn to buy a home in New London County, CT?
A household needs about $93,416 a year to afford the typical home in New London County, CT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,552.