What is the rental vacancy rate in New London, CT?
The rental vacancy rate in New London, CT is 2.6% (±1.5 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.2% (±1.7 points).
943 (±270) homes, 7.4% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In New London, the rental vacancy rate went from 4.1% in 2015–2019 to 2.6% in 2020–2024 (−1.5 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 2.6% (±1.5 points)
- Homeowner vacancy rate
- 1.2% (±1.7 points)
- Vacant homes
- 943 (±270)
Vacancy in New London against Southeastern Connecticut Planning Region, its state and the nation
| New London | Southeastern Connecticut Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 2.6% (±1.5 points) | 4.4% (±1.1 points) | 4.3% (±0.3 points) | 5.5% |
| Homeowner vacancy rate | 1.2% (±1.7 points) | 0.6% (±0.2 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 943 (±270) | 10,657 (±897) | 107,815 (±3,242) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In New London, the rental vacancy rate is not measurably different from Southeastern Connecticut Planning Region (4.4%).
It is also lower than in Connecticut (4.3%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near New London
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| New London | — | 2.6% (±1.5 points) | — |
| Waterford (community) | 2.0 mi | 3.1% (±5.2 points) | Not measurably different |
| Long Hill (Southeastern Connecticut Planning Region) | 2.6 mi | 2.5% (±4.1 points) | Not measurably different |
| Waterford | 2.9 mi | 10.1% (±5.8 points) | Higher |
| Groton | 3.5 mi | 4.5% (±2.3 points) | Not measurably different |
| Conning Towers-Nautilus Park | 4.2 mi | 5.6% (±5.6 points) | Not measurably different |
| Poquonock Bridge | 4.4 mi | 6.9% (±11.4 points) | Not measurably different |
| Noank | 5.1 mi | 0.0% (±22.7 points) | Not measurably different |
| Niantic | 5.5 mi | 3.6% (±5.5 points) | Not measurably different |
Nearby places with a measurably higher figure: Waterford, CT (10.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Southeastern Connecticut Planning Region, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 5 | Colchester | 5.7% (±5.9 points) |
| 6 | East Lyme | 4.6% (±4.1 points) |
| 7 | Groton | 4.5% (±2.3 points) |
| 8 | Stonington | 4.1% (±3.1 points) |
| 9 | Griswold | 3.5% (±4.6 points) |
| 10 | Montville | 2.9% (±3.5 points) |
| 11 (tie) | New London | 2.6% (±1.5 points) |
| 11 (tie) | Windham | 2.6% (±1.8 points) |
| 13 (tie) | Lebanon | 0.0% (±11.8 points) |
| 13 (tie) | Ledyard | 0.0% (±4.3 points) |
| 13 (tie) | Lisbon | 0.0% (±57.3 points) |
| 13 (tie) | North Stonington | 0.0% (±17.8 points) |
| 13 (tie) | Preston | 0.0% (±22.8 points) |
Showing 13 of 19 places in Southeastern Connecticut Planning Region, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New London
Is it hard to find a rental in New London?
The rental vacancy rate in New London, CT is 2.6% (±1.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in New London tighter than it was?
In New London, the rental vacancy rate went from 4.1% in 2015–2019 to 2.6% in 2020–2024 (−1.5 percentage points), not a measurable change.
How many homes are vacant in New London?
An estimated 943 (±270) housing units, 7.4% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for New London town, Southeastern Connecticut Planning Region, Connecticut (county subdivision:52350, in state:09 county:180).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- How long people stay in New London
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- Local landlord and tenant rules in New London
- Connecticut landlord and tenant rules
- Housing across Southeastern Connecticut Planning Region
- Connecticut places ranked by rental vacancy rate
- Housing data for every place in Connecticut