Surrounding submarket Area
Old Lyme, Connecticut is a part of the New London Submarket submarket area, and contains zip code 6371.
Old Lyme Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Old Lyme, CT submarket area was $1,245, which is 18.35% higher than 2014 average rent. This represents a compounded annual growth rate of 3.43%. 2019 vacancy in Old Lyme, CT was 5.70%.
The total population of the city of Old Lyme, CT has decreased 3.12% since 2010. As of 2018, the population was 7,366. The median household income of the Old Lyme was $92,383, which is 53.22% higher than the national average.
- submarket area New London Submarket
- avg rent $1,245
- rent growth 18.35%
- vacancy 5.70%
- median income $92,383
- population (2018) 7,366
- population growth -3.12%
- vs. nat'l avg 53.22%
- zip code 6371