Home Affordability in 06320
New London, CT — New London County
The median home price in ZIP code 06320 (New London) is $265,000 with a median household income of $48,000. The price-to-income ratio is 5.5x.
Median Home Price
$265,000
Median Income
$48,000
Price-to-Income
5.5x
Est. Affordable Home
$187,000
Property Tax Rate
2.80%
Annual Property Tax
$7,420
Cost of Living
105
Metro Area
Norwich MSA
Down Payment Scenarios for ZIP 06320
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $7,950 | $257,050 | Yes |
| 5% | $13,250 | $251,750 | Yes |
| 10% | $26,500 | $238,500 | Yes |
| 20% | $53,000 | $212,000 | No |
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