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New London city, CT

ZIP 06320 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06320

Median Home Value
$234,800
Median Rent
$1,102
Affordability Snapshot
$65,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,508/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 06320 in New London city, CT, a household would need roughly $65,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,508. That is roughly in line with the local median household income ($60,224). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
40.0%-39% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
4.8%-62% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
27.9%-44% vs US avg
x
Mortgage-Free
36.1%-5% vs US avg
x
$234,800
Home Value
$1,102
Rent
1947
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached32.9%
  • 1-unit attached3.0%
  • 2-9 units40.5%
  • 10+ units23.1%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$234,800
Median rent$1,102
Owner-occupied40.0%
Vacant7.5%
Price-to-income3.9x
Est. income to buy$65,000