The story of this market
The typical home in ZIP 06320 sells for about $325,000, or $208 per square foot.
Prices are up +9.06% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,341 a month.
ZIP 06320 — New London
The New London housing market shows resilience with a 9% year-over-year price increase and a competitive sale-to-list ratio. While inventory remains tight, the market is supported by steady demand from the local defense and maritime employment sectors. Buyers are facing a balanced but active environment, particularly in the downtown and waterfront neighborhoods.
This ZIP is well-suited for commuters utilizing rail transit, employees of the regional maritime and defense sectors, and buyers seeking historic urban character near the waterfront.
Median prices moved up 9.1% year over year.
Homes spend a median of 24 days on market with 2.5 months of supply — a fast-moving market.
10% of listings have cut prices · homes sell at 103% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 21.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06320, New London, CT
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in New London are generally higher than the regional average for New London County, with property and violent crime trends remaining a point of focus for local law enforcement.
Public schools in the area are primarily served by the New London School District, which generally receives lower performance ratings compared to state averages.
The area faces moderate risk from coastal flooding and storm surges due to its Long Island Sound waterfront location, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by the maritime industry, including the U.S. Navy's presence at the nearby Submarine Base and General Dynamics Electric Boat, alongside downtown revitalization efforts.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
Residents benefit from proximity to I-95 and the New London Union Station, providing rail access to New Haven, New York City, and Boston.
The area features significant waterfront access including Ocean Beach Park, various historic sites, and a walkable downtown district with diverse dining and cultural venues.
The rental market is characterized by steady demand and low vacancy rates, with a mix of historic multi-family housing and newer downtown apartment developments.
The economy is heavily anchored by the defense and maritime sectors, with General Dynamics Electric Boat and the U.S. Navy serving as primary regional employers.
The area is a key transit node served by I-95, Amtrak, and the Shore Line East commuter rail, facilitating regional connectivity.
Development is focused on adaptive reuse of historic downtown buildings and expanding residential capacity near the waterfront.
The City of New London Assessor's office manages property valuations, with revaluations occurring on a state-mandated cycle.
Parcels are subject to municipal property taxes and are served by the New London Public Schools district.
Property insurance premiums are influenced by coastal hazard exposure, with flood insurance often required for properties in low-lying zones.
Data retrieved from Census Reporter and ZIP-Codes.com profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Wolf Lodge | Mashantucket, CT3.810.8 mi
- Ocean Beach Park4.43.7 mi
- Supercharged Indoor Karting and Axe Throwing4.46.9 mi
- The Dinosaur Place4.47.7 mi
- Nature's Art Village4.57.7 mi
- Mohegan Sun4.58.9 mi
- Foxwoods Resort Casino4.310.7 mi
- Mohegan Sun Arena4.68.9 mi
- Water's Edge Resort & Spa4.218.1 mi
- Supercharged Indoor Karting and Axe Throwing4.46.9 mi
- Foxwoods Resort Casino4.310.7 mi
- Mystic Aquarium4.58 mi
- Great Wolf Lodge | Mashantucket, CT3.810.8 mi
- Rocky Neck State Park4.67.8 mi
- Harkness Memorial State Park4.84.2 mi
- Mystic Seaport Museum4.67.4 mi
- Gillette Castle State Park4.717.2 mi
- Essex Steam Train & Riverboat4.715.5 mi
- B.F. Clyde's Cider Mill4.68.3 mi
- Mashantucket Pequot Museum & Research Center4.710.3 mi
- Rocky Neck State Park4.67.8 mi
- Harkness Memorial State Park4.84.2 mi
- Ocean Beach Park4.43.7 mi
- The Dinosaur Place4.47.7 mi
- Bluff Point State Park4.74.2 mi
- Mystic Downtown Marina4.77 mi
- Black Hall Marina4.711.8 mi
- Three Belles Marina4.74.7 mi
- Mystic River Marina4.57.1 mi
- Safe Harbor Essex Island4.614.5 mi
- Foxwoods Resort Casino4.310.7 mi
- Lake of Isles4.611.6 mi
- Shennecossett Golf Course4.13.2 mi
- Pequot Golf Club4.110.1 mi
- Great Brook Sports43.6 mi
- Olde Mistick Village4.67.7 mi
- Tanger Outlets Foxwoods4.410.8 mi
- Burlington4.20.7 mi
- Nature's Art Village4.57.7 mi
- ShopRite of New London4.10.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction featuring a boardwalk, beach, and recreational facilities.
A central hub for local arts, exhibitions, and community events in downtown.
Historic downtown area with high density of restaurants, breweries, and local shops.
Deterministic aggregate of 4 researched properties in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.