New London, Connecticut Mortgage and Housing Information

Population: 25,671
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Median price asked in year 2000	$51,000

A comparison of the average prices of homes in New London, Connecticut and the U.S.
	U.S.	Connecticut	New London
Median home value in year 2000	$111,800	$160,600	$101,500

Median owner costs for owner-occupied houses and condos in year **2000**
	U.S.	Connecticut	New London
With a mortgage	$1,088	$1,426	$1,154
Without a mortgage	$295	$473	$427

Types of mortgages for owner-occupied Single-family Houses in New London (2000)
Mortgage Type	Number of Single-family Houses	Percent of total
Without a mortgage	1,021	36.3%
First Mortgage Only	1,366	48.5%
Second Mortgage and/or Home Equity Loan	427	15.2%
Total	2,814	100%

Median age for males and females (2000).
Males	30
Females	32

Males earn $5,904 (34.9%) more than Females in New London.

Level of higher education for people over 25 years in New London (2000).
Level	Number of Males	Percent of Males	Number of Females	Percent of Females
Some College	1,389	19.2%	1,569	21.7%
Associate Degree	433	6.0%	540	7.5%
Bachelor's Degree	737	10.2%	884	12.2%
Master's Degree	308	4.3%	546	7.6%
Professional Degree	142	2.0%	161	2.2%
Doctorate Degree	162	2.2%	68	0.9%
Total (at least some college)	3,171	43.9%	3,768	46.4%
Total over 25	7,229	100%	8,119	100%

What Will Your Monthly Payment Be?

Purchase Price

Down Payment

Interest Rate

Term of the Loan