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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

New London, TX Housing Affordability Index

New London, Texas has an MBR Housing Affordability Index score of 142.3 (Highly Affordable) as of October 30, 2026, ranking 425th most affordable of 1,229 scored Texas cities, compared with 99.2 statewide and 97.4 nationally. On a median-priced $150,000 home with 20% down, the Texas average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $822, or 16% of the city’s $63,036 median household income.

The MBR Housing Affordability Index (MBR-HAI) for New London is updated every night from live Texas mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

New London MBR-HAI 142.3 Highly Affordable
Rank in Texas 425 of 1,229 1 = most affordable
Texas 99.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Texas lenders
Median home value $150,000 U.S. Census Bureau

New London is 43.1 points above the Texas score. Scores as of October 30, 2026. See the Texas index

View New London Mortgage Rates

What It Takes to Buy in New London

$822/mo
Principal & Interest
Median home, 20% down, 7.29%
$35,200
Income Needed
To keep the payment at 28% of income
$63,036
Median Household Income
Texas: $78,476
2.4x
Price-to-Income Ratio
Texas: 3.6x
$592/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,965/yr
Median Property Tax
1.98% of median value
21.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
38.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for New London, Texas. The rate is the Texas average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the New London Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. New London, Texas score: 142.3 (Highly Affordable), ranked 425 of 1,229 Texas cities. monitorbankrates.com/housing-affordability-index/texas/new-london”