New London, CT — Momentum Score, Home Values & Best-For

All states·Connecticut·New London

New London County · Norwich-New London · population 28,081

Investors
New London, CT
Image: Wikipedia · New London, Connecticut
OverviewCost of livingMoving guide
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73
Rising
Momentum score · 0–100

Where New London stands

At or near all-time high. averaging 9.3% annual growth over 5 years.

Median home $317,899
1-year +3.4%
5-yr CAGR +9.3%
vs 5-yr peak +0.0%
Population +0.6%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$318k$136k$201k$266k$331k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
81/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,642/mo$0$870$1,741202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent15614680100120140160202220242026

Rent vs buy

Price-to-rent ratio: 16.1
Lean buy

At a 16.1 price-to-rent ratio, New London is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
67 · w22%
Home 5-yr CAGR
85 · w22%
Distance from peak
90 · w18%
Population growth
58 · w16%
Rent YoY
52 · w12%
Home 10-yr CAGR
82 · w10%
Long thesis

New London has averaged 9.3% annual appreciation over five years and the trend is still live (+3.4% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.

Short thesis

New London's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About New London

New London is a city in New London County, Connecticut, with an estimated population of 28,081. It anchors the Norwich-New London metro area. The population grew 0.6% annually from 2020 to 2024, a moderate gain. The median home value in New London is $317,899 as of 2026-04, up 3.4% over the last 12 months. Over the last five years, home values have averaged +9.3% annual growth, with prices at or near the 5-year peak. Rents in New London average $1,642 per month, roughly flat year-over-year (+1.1%). The composite momentum score is 73 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Multi-year compounder: home values up an average 9.3% per year over the last 5 years — sustained, not a one-year pop.
●Quiet strength: +3.4% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About New London (Wikipedia)

New London is a seaport city and a port of entry on the northeast coast of the United States, located at the outlet of the Thames River in New London County, Connecticut, which empties into Long Island Sound. The city is part of the Southeastern Connecticut Planning Region.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for New London County right now.

NWS active alerts (CT)Connecticut Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. New London County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like New London

Naugatuck, CT76 · RisingMiddletown, CT70 · RisingMeriden, CT73 · RisingAnsonia, CT74 · Rising

Run the numbers for New London

ToolCan I afford New London?Income → city shortlistToolROI on a New London rentalCap rate, cash-on-cash, DSCRToolCompare New London to anywhereSide-by-side up to 3 citiesToolNew London cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
36° / 22°
avg high / low
Summer (Jul)
83° / 64°
avg high / low
Sunny days/yr
194
~53% of year
Annual precip
49″ rain
37″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Moderate
Tornado
Very low
Wildfire
Very low
Earthquake
Very low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current New London listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Norwich-New London area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
70%
Humid climate
Median household income
$90,200
Connecticut state median
Top industries (state-level)
Finance/InsuranceManufacturingHealthcare

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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