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Market MapConnecticutNew London

New London County

Connecticut
59
/100
Hold
#359 of 1,000 counties
#5 in Connecticut (8 counties)

Market Snapshot

$400,109
Median Home Price
71% above national median
$1,860/mo
Median Rent
23% above national median
5.58%
Rent-to-Price Ratio
Top 59% nationally
-$888
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$400,109
Down Payment (20%)$80,022
Loan Amount$320,087
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,860
Monthly P&I-$2,097
Est. Expenses (35%)-$651
Net Cash Flow-$888/mo
3.6%
Cap Rate (all cash)
-11.6%
Cash-on-Cash Return
5.58%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.6% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
54/100

Based on 5.58% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
87/100

Based on 5.3% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
44/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Strong price appreciation (+5.3% YoY)
  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$888/mo)
  • -Negative leverage (cap rate 3.6% < mortgage rate 6.9%)

Economic Indicators

Population
—
Data pending
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Compare to Nearby Counties

CountyVerdict
HartfordCT
62$365,622$1,8326.01%BuyView
WindhamCT
61$357,199$1,6975.70%BuyView
New HavenCT
60$386,137$1,9386.02%BuyView
CurrentNew LondonCT
59$400,109$1,8605.58%Hold
LitchfieldCT
56$406,501$1,8095.34%HoldView
MiddlesexCT
56$432,816$1,9065.28%HoldView

The Bottom Line

HoldNew London is a neutral market. Consider house hacking or targeting below-market deals.

New London County in Connecticut scores 59/100, ranking #359 of 1,000 US counties (top 47%). The 5.58% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-888/mo
Cap Rate
3.6%
Cash-on-Cash
-11.6%

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