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New London city, WI

ZIP 54961 — 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 54961

Median Home Value
$196,600
Median Rent
$690
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,263/mo PITI).

12%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.7 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 54961 in New London city, WI, a household would need roughly $54,000 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 $1,263. That sits below the local median household income ($71,337), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.8%+7% vs US avg
x
Vacancy Rate
6.1%-41% vs US avg
x
Broadband Access
87.0%-0% vs US avg
x
4+ Bedrooms
5.4%-63% vs US avg
x
Built Pre-1939
3.3%-75% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
16.9%-66% vs US avg
x
Mortgage-Free
41.0%+7% vs US avg
x
$196,600
Home Value
$690
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached69.6%
  • 1-unit attached1.6%
  • 2-9 units14.2%
  • 10+ units7.2%
  • Mobile home & other7.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,600
Median rent$690
Owner-occupied69.8%
Vacant6.1%
Price-to-income2.8x
Est. income to buy$54,000