HomeConnecticutSoutheastern Connecticut Planning RegionNew London
New London, Connecticut: commercial real estate data.
New London is a Census city of 27,625 people across 5.61 square miles of land, in Southeastern Connecticut Planning Region. Median household income is $59,098, 36.1 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $2.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New London
What New London is
- Census place typecity
- Land area5.61 sq mi
- Water area4.98 sq mi
- Population per square mile of land4,927
- County holding the largest share of its areaSoutheastern Connecticut Planning Region, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New London
How many people live in New London
- Population27,625
- Median age34.7
- Population under 184,576
- Share under 1816.6 percent
- Population 65 and over4,148
- Share 65 and over15.0 percent
- Households11,794
- Family households5,450
- Share of households that are families46.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New London
Income and work in New London
- Median household income$59,098
- Per capita income$33,687
- Civilian labor force14,268
- Employed13,338
- Unemployed930 plus or minus 279
- Unemployment rate6.5 percent plus or minus 1.9
- Adults 25 and over17,539
- Adults 25 and over with a high school diploma or higher87.2 percent
- Adults 25 and over with a bachelor degree or higher28.5 percent
- Adults 25 and over with a graduate degree12.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New London
Housing in New London
- Housing units12,737
- Occupied units11,794
- Vacant units943 plus or minus 270
- Vacancy rate7.4 percent plus or minus 2.1
- Owner occupied4,260
- Renter occupied7,534
- Ownership rate36.1 percent
- Median owner-occupied home value$253,300
- Median gross rent, monthly$1,340
- Annual rent as a share of median income27.2 percent
- Single family units4,453
- Share single family35.0 percent
- Units in buildings of two or more8,208
- Share in buildings of two or more64.4 percent
- Mobile homes76 plus or minus 102
- Median year structure built1945
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New London
How New London gets to work
- Workers 16 and over who commute12,208
- Commuting under 15 minutes4,990
- Share commuting under 15 minutes40.9 percent
- Commuting 30 minutes or more2,280
- Share commuting 30 minutes or more18.7 percent
- Drove alone66.6 percent
- Carpooled6.3 percent plus or minus 2.4
- Public transport4.4 percent plus or minus 2.8
- Walked8.8 percent plus or minus 1.9
- Worked from home11.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New London
SBA loans in New London (7(a))
- Approvals18
- Gross approval$2,799,500
- Average approval$155,528
- Median approval$75,000
- Largest approval$750,000
- Jobs supported83
- Jobs per approval4.6
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more11.1 percent
- Share to franchises22.2 percent
- Distinct lenders10
- Distinct industries by NAICS13
Counted by borrower city: approvals to borrowers whose address is in New London, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New London
SBA loans in New London (504)
- Approvals7
- Gross approval$3,167,000
- Average approval$452,429
- Median approval$167,000
- Largest approval$2,180,000
- Jobs supported25
- Loans with a final outcome2
- Charged off2
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in New London, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Southeastern Connecticut Planning Region, not New London
Southeastern Connecticut Planning Region context, not New London figures
- Establishments in Southeastern Connecticut Planning Region5,883
- Covered employment, Southeastern Connecticut Planning Region127,106
- Average annual pay, Southeastern Connecticut Planning Region$70,518
- Housing units permitted, Southeastern Connecticut Planning Region509
Every figure in this section is published for Southeastern Connecticut Planning Region as a whole and is not a measurement of New London.
All Southeastern Connecticut Planning Region figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New London questions, answered from the record.
How many people live in New London, Connecticut?
27,625, in 11,794 households. New London city covers 5.61 square miles of land, which is 4,927 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New London in?
Southeastern Connecticut Planning Region, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New London?
$59,098. The median owner-occupied home is valued at $253,300. Median gross rent is $1,340 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New London businesses?
18 7(a) approvals totaling $2.8 m since FY2020, across 10 lenders, median approval $75,000, plus 7 504 approvals worth $3.2 m since FY2010. These count approvals to borrowers whose address is in New London, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New London borrowers get paid back?
No rate is published for New London. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page New London figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Southeastern Connecticut Planning Region as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New London.
Is zoning published for New London?
No. Nothing on this page presents parcel level zoning.
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