Market Overview
Home Prices in New London, IA
The median home value in New London, IA is $194,190 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in New London are priced53% below average. New London is part of the Burlington, IA-IL metro area.
Over the past five years, New London home values have risen by approximately23.1%, reflecting strong long-term appreciation in this market.
Price History
New London Home Price Trend
City Comparison
New London vs. National Median
At $194,190, homes in New London cost 53% below the national median of $410,000. This makes New London a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New London?
20% Down Payment
$38,838
on $194,190
Monthly P&I
$1,013/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,287/mo
incl. taxes & insurance
Income Needed
$51,480
gross annual (30% rule)
10% Down Option
$19,419
+ PMI applies
Loan Amount (20% dn)
$155,352
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New London, IA?
The median home value in New London is $194,190 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in New London?
Over the past year, home values in New London have increased by 5.3%. Over five years, prices have risen approximately 23.1%.
How much do I need to earn to buy a home in New London?
To comfortably afford the median home price of $194,190 with a 20% down payment ($38,838) at today's rates (6.8%), you'd need a gross annual income of approximately $51,480. This assumes keeping total housing costs at or below 30% of gross income.
How does New London compare to the national average home price?
The national median home value is approximately $410,000. At $194,190, homes in New London are 53% below the national average.
What metro area is New London part of?
New London is part of the Burlington, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.