HomeConnecticutSoutheastern Connecticut Planning RegionNew London city
New London city, Connecticut: commercial real estate data.
New London city 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.
76 sourced place values · tier FULL · 8 sections
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 7(a) lending to New London borrowers
- Approvals18
- Gross approval$2,799,500
- Average approval$155,528
- Median approval$75,000
- Ninetieth percentile approval$498,500
- 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
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New London
SBA 504 lending to New London borrowers
- 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
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
These are Southeastern Connecticut Planning Region figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New London measurements.
- Establishments in Southeastern Connecticut Planning Region5,883
- Employment at those establishments, Southeastern Connecticut Planning Region100,654
- Covered employment, Southeastern Connecticut Planning Region127,106
- Average annual pay, Southeastern Connecticut Planning Region$70,518
- Average weekly wage, Southeastern Connecticut Planning Region$1,356
- Housing units permitted, Southeastern Connecticut Planning Region509
- Of those, single family, Southeastern Connecticut Planning Region261
- County product, 2024, Southeastern Connecticut Planning Region$24,086,923,000
- Average income of an arriving household, Southeastern Connecticut Planning Region$76,706
Every figure in this section is published for Southeastern Connecticut Planning Region as a whole and is not a measurement of New London. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $2.8 m, across 10 lenders, median approval $75,000, plus 7 504 approvals worth $3.2 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New London figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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