2026 Affordability Data
Most Affordable Neighborhoods in New London - 2026 Data
The median home value in New London is $220,300, 22% below nat'l avg. Median rent is $1,583/month. With an affordability index of 153, New London is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the New London, CT area.
Key Takeaways: Affordability in New London
- 1The most affordable neighborhood in New London is Bridgeport, with a median home value of $227,200.
- 2New London's median home value is $220,300, 22% below nat'l avg (national: $281,900).
- 3New London's affordability index is 153 (baseline 100), making it more affordable than the national average.
- 4Median rent in New London is $1,583/month, 36% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in New London to find the most affordable areas based on home values, rent, and affordability index.
New London Affordability Overview
Median Home Value
$220,300
22% below nat'l avg
Median Rent
$1,583/mo
36% above nat'l avg
Median Income
$56,237
25% below nat'l avg
Affordability Index
153
53% above nat'l avg
Most Affordable Neighborhoods in New London (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | BridgeportCT | $227,200 |
| 2 | StamfordCT | $584,700 |
| 3 | HartfordCT | $198,900 |
| 4 | NorwalkCT | $491,800 |
| 5 | DerbyCT | $220,600 |
| 6 | MeridenCT | $199,100 |
| 7 | BristolCT | $235,700 |
| 8 | West HavenCT | $247,800 |
| 9 | Milford city (balance)CT | $361,900 |
| 10 | MiddletownCT | $257,800 |
| 11 | NorwichCT | $200,400 |
| 12 | New HavenCT | $236,500 |
| 13 | DanburyCT | $355,500 |
| 14 | SheltonCT | $410,400 |
| 15 | AnsoniaCT | $257,100 |
Detailed Neighborhood Profiles
Home Value: $227,200
Rent: $1,583/mo
Affordability: 153
Population: 148,470
Walk Score: 32/100
Home Value: $584,700
Rent: $1,583/mo
Affordability: 153
Population: 135,413
Walk Score: 32/100
Home Value: $198,900
Rent: $1,583/mo
Affordability: 153
Population: 121,057
Walk Score: 32/100
4
Home Value: $491,800
Rent: $1,583/mo
Affordability: 153
Population: 91,050
Walk Score: 32/100
5
Home Value: $220,600
Rent: $1,583/mo
Affordability: 153
Population: 12,373
Walk Score: 32/100
6
Home Value: $199,100
Rent: $1,583/mo
Affordability: 153
Population: 60,556
Walk Score: 32/100
7
Home Value: $235,700
Rent: $1,583/mo
Affordability: 153
Population: 61,052
Walk Score: 32/100
8
Home Value: $247,800
Rent: $1,583/mo
Affordability: 153
Population: 55,336
Walk Score: 32/100
9
Home Value: $361,900
Rent: $1,583/mo
Affordability: 153
Population: 50,664
Walk Score: 32/100
10
Home Value: $257,800
Rent: $1,583/mo
Affordability: 153
Population: 48,152
Walk Score: 32/100
11
Home Value: $200,400
Rent: $1,583/mo
Affordability: 153
Population: 40,054
Walk Score: 32/100
12
Home Value: $236,500
Rent: $1,583/mo
Affordability: 153
Population: 135,736
Walk Score: 32/100
13
Home Value: $355,500
Rent: $1,583/mo
Affordability: 153
Population: 86,456
Walk Score: 32/100
14
Home Value: $410,400
Rent: $1,583/mo
Affordability: 153
Population: 41,206
Walk Score: 32/100
15
Home Value: $257,100
Rent: $1,583/mo
Affordability: 153
Population: 18,954
Walk Score: 32/100
Frequently Asked Questions About Affordability in New London
What is the most affordable neighborhood in New London, CT?▾
Based on 2026 data, Bridgeport is the most affordable neighborhood in New London with a median home value of $227,200. Kurby analyzed 15 neighborhoods in the New London area to compile these rankings.
What is the median home price in New London, CT?▾
The median home price in New London is $220,300, which is 22% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is New London affordable compared to the national average?▾
New London has an affordability index of 153, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in New London, CT?▾
The median monthly rent in New London is $1,583. This is 36% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in New London?▾
The median household income in New London is $56,237 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in New London are below the national average home price?▾
10 out of 15 ranked neighborhoods in New London have a median home value below the national average of $281,900. The most affordable is Bridgeport at $227,200 (Source: Kurby, 2026).