New London, CT housing market
Typical home value
$328K
▲ 5.9% 1 yr
Typical rent
$1,700/mo
▲ 8.1% 1 yr
Gross rent yield
6.2%
U.S. 6.3%
5-year home value change
+54%
U.S. +20%
Key takeaways
- 1The typical home in New London is worth $327,537, up 5.9% over the past year and up 54% over five years.
- 2Typical rent is $1,700 a month (+8.1% YoY), a gross rent yield of 6.2% (above the Norwich, CT metro's 5.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,800/mo, $100 more than typical rent.
- 4Zillow forecasts the Norwich, CT metro's home values to change +4.5% over the next 12 months.
Market temperature (Norwich, CT metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 61/100, #30 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How New London compares
| Measure | New London | Norwich, CT metro | United States |
|---|---|---|---|
| Typical home value | $327,537 | $430,914 | $366,157 |
| Home value, 1-yr change | +5.9% | +7.0% | +1.2% |
| Typical rent | $1,700 | $2,099 | $1,932 |
| Rent, 1-yr change | +8.1% | +5.6% | +2.7% |
| Gross rent yield | 6.2% | 5.8% | 6.3% |
| Price-to-rent ratio | 16.1 | 17.1 | 15.8 |
| Mortgage P&I, typical home | $1,800 | $2,368 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical New London rental, pre-filled.
Rent vs buy in New London
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $328K home.
Other cities in the Norwich, CT metro
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.