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

New London, CT has a median modeled monthly cash flow of $-459 and a median cap rate of 4.6%, on a median sold price of $348,250. Prices changed -0.5% 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 4.6%, 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 $348,250 (about $198 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.

$348,250Median sold price

$198Median $/sqft

4.6%Median cap rate

$-459Modeled cash flow / mo

-0.5%Appreciation YoY

12.2Months of supply

185Active listings

182Sold (last 12 mo)

What the New London numbers say

In New London, CT, the median home sold for $348,250 (about $198 per square foot), and the typical deal models out to a 4.6% cap rate with a median $-459 of monthly cash flow. Sold prices moved -0.5% over the past year. Inventory sits at about 12.2 months of supply — a looser, buyer-friendly market. 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.