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ZipNumbers

Iowa · Census place 56325

New London city, IA

Quick answer

New London city has 2,402 residents, ranking #148 of 1026 places in Iowa. Median household income is $65,815, the median home is worth $118,900 and median gross rent runs $772 a month.

Population
2,402New London city residents
Median household income
$65,815Past 12 months, inflation adjusted
Median home value
$118,900Owner-occupied units
Median gross rent
$772Rent plus utilities, monthly
Median age
35.4 yrsAll residents
Homeownership rate
77.8%Owner-occupied households

What the numbers mean in New London city

Housing cost measured against local earnings.

A household earning the New London city median would spend about 14.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.3% of residents and 77.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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