Is New London, CT a good place to invest in rental property?

New London, CT has a median modeled monthly cash flow of $-553 and a median cap rate of 4.3%, on a median sold price of $350,000. Prices changed +7.4% year over year.

What is the average cap rate in New London, CT?

The median cap rate across recently sold homes in New London, CT is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New London, CT?

The median sold price in New London, CT is $350,000 (about $219 per square foot).

Investing in New London, CT Real Estate

A data-driven snapshot of the New London, CT rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$350,000Median sold price

$219Median $/sqft

4.3%Median cap rate

$-553Modeled cash flow / mo

+7.4%Appreciation YoY

4.8Months of supply

107Active listings

265Sold (last 12 mo)

What the New London numbers say

In New London, CT, the median home sold for $350,000 (about $219 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-553 of monthly cash flow. Sold prices moved +7.4% over the past year. Inventory sits at about 4.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Connecticut markets to compare

See New London cash-flowing listings

CashFlowRE ranks every for-sale home in New London, CT by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen New London deals, or browse the national market data.