Real Estate Investing in New London County, Connecticut

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

26 ZIP codes • Population: 268,284

Should you buy in New London County, CT? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (46/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.5% vacancy may signal weakening demand.

What’s happening in New London County, CT?

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3.0/ 5

Investability

County-wide average

4.0/ 5

Appreciation

8.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $452,676
Avg Monthly Rent $1,936
ZIP Codes 26

Investing in New London County Real Estate

This is a distressed-leaning county in Connecticut: New London has 20 cities, 26 ZIPs, and investment math that only works for investors with genuine local understanding.

New London is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state capital should be especially careful with carry-in assumptions.

New London County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in New London County, CT. Anonymous, moderated, never written by AI.

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Avg Home Value
$452,676
Avg Monthly Rent
$1,936
1% Rule
βœ— Below
Landlord Friendly (CT)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in New London County

4 Colleges 4,050 Students 42 Off-Campus Renters
B+
United States Coast Guard Academy
4-Year Public Β· 1,081 students
B
Connecticut College
4-Year Private Β· 1,995 students
C+
University of Connecticut-Avery Point
4-Year Public Β· 474 students
C
Mitchell College
4-Year Private Β· 500 students

Cities in New London County

ZIP Codes in New London County, CT

06360 β˜… β˜… β˜… β˜… β˜…
Norwich
Population 37,527
Avg Home $307,338
Avg Rent $1,827/mo
06340 β˜… β˜… β˜… β˜… β˜…
Groton
Population 29,833
Avg Home $389,963
Avg Rent $2,171/mo
06320 β˜… β˜… β˜… β˜… β˜…
New London
Population 27,275
Avg Home $329,759
Avg Rent $1,589/mo
06415 β˜… β˜… β˜… β˜… β˜…
Colchester
Population 16,075
Avg Home $447,231
Avg Rent $1,692/mo
06385 β˜… β˜… β˜… β˜… β˜…
Waterford
Population 15,900
Avg Home $446,004
Avg Rent $2,308/mo
06351 β˜… β˜… β˜… β˜… β˜…
Griswold
Population 15,697
Avg Home $373,778
Avg Rent $2,358/mo
06355 β˜… β˜… β˜… β˜… β˜…
Groton
Population 12,223
Avg Home $605,036
Avg Rent $2,658/mo
06357 β˜… β˜… β˜… β˜… β˜…
Niantic
Population 11,315
Avg Home $532,013
Avg Rent $2,850/mo
06382 β˜… β˜… β˜… β˜… β˜…
Montville
Population 10,076
Avg Home $349,314
Avg Rent $1,548/mo
06371 β˜… β˜… β˜… β˜… β˜…
Old Lyme
Population 9,855
Avg Home $705,483
Avg Rent $2,187/mo
06339 β˜… β˜… β˜… β˜… β˜…
Ledyard
Population 9,263
Avg Home $419,422
Avg Rent $1,746/mo
06379 β˜… β˜… β˜… β˜… β˜…
Stonington
Population 9,003
Avg Home $496,076
Avg Rent $1,725/mo
06370 β˜… β˜… β˜… β˜… β˜…
Montville
Population 7,547
Avg Home $402,710
Avg Rent $1,323/mo
06333 β˜… β˜… β˜… β˜… β˜…
East Lyme
Population 7,323
Avg Home $559,780
Avg Rent $2,661/mo
06249 β˜… β˜… β˜… β˜… β˜…
Lebanon
Population 7,137
Avg Home $431,641
Avg Rent $1,701/mo
06335 β˜… β˜… β˜… β˜… β˜…
Ledyard
Population 6,100
Avg Home $423,556
Avg Rent $2,394/mo
06378 β˜… β˜… β˜… β˜… β˜…
Stonington
Population 5,408
Avg Home $799,526
Avg Rent $3,553/mo
06359 β˜… β˜… β˜… β˜… β˜…
North Stonington
Population 5,154
Avg Home $475,226
Avg Rent $1,665/mo
06365 β˜… β˜… β˜… β˜… β˜…
Preston
Population 4,781
Avg Home $430,286
Avg Rent $1,899/mo
06420 β˜… β˜… β˜… β˜… β˜…
Salem
Population 4,323
Avg Home $479,370
Avg Rent $1,755/mo
06375 β˜… β˜… β˜… β˜… β˜…
Waterford
Population 3,667
Avg Home $407,127
Avg Rent $1,422/mo
06330 β˜… β˜… β˜… β˜… β˜…
Sprague
Population 3,311
Avg Home $378,705
Avg Rent $1,602/mo
06384 β˜… β˜… β˜… β˜… β˜…
Voluntown
Population 2,812
Avg Home $451,938
Avg Rent $1,323/mo
06380 β˜… β˜… β˜… β˜… β˜…
Norwich
Population 2,427
Avg Home $299,563
Avg Rent $1,431/mo
06334 β˜… β˜… β˜… β˜… β˜…
Bozrah
Population 2,327
Avg Home $404,971
Avg Rent $1,629/mo
06254 β˜… β˜… β˜… β˜… β˜…
Franklin
Population 1,925
Avg Home $423,752
Avg Rent $1,323/mo

Screen every market in New London County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About New London County

What is the best play in, CT?

A careful cash-flow rentals with hands-on management strategy, CT best. The market produces steady results for that approach at the $453K price point.

How strong is tenant demand in, CT?

The renter base in, CT is reasonable for the $1,936/mo price point. Screening well and pricing to market typically yields stable tenants.

How do landlord-tenant laws work in, CT?

Rental owners in, CT deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.

Does, CT make sense for an investment property?

Investors tracking, CT will find a 3.0/5 rating supported by $453K median home values and $1,936/mo rents. That profile suits long-term holders targeting measured returns.

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