1031 Exchange New London, Connecticut
Connecticut Opportunity Zones

Surrounding submarket Area

New London, Connecticut is a part of the New London Submarket submarket area, and contains zip code 6320.

New London Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the New London, CT submarket area was $1,245, which is 18.35% lower than 2014 average rent. This represents a compounded annual growth rate of 3.43%. 2019 vacancy in New London, CT was 5.70%.

The total population of the city of New London, CT has decreased 2.47% since 2010. As of 2018, the population was 26,939. The median household income of the New London was $39,675, which is 34.20% lower than the national average.

  • submarket area New London Submarket
  • avg rent $1,245
  • rent growth 18.35%
  • vacancy 5.70%
  • median income $39,675
  • population (2018) 26,939
  • population growth -2.47%
  • vs. nat'l avg 34.20%
  • zip code 6320

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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