Who Should / Shouldn’t Move to New London

New London is a strong fit for budget-conscious buyers and Coast Guard-connected families. It's a weaker fit for anyone wanting the lowest possible property tax rate or a top-rated school district.

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Best fit: budget-conscious buyers wanting coastal Connecticut

New London's real, genuinely below-average home values ($253,300 median) make it a real, practical option for buyers wanting Connecticut coastal-city living without the statewide-average price tag.

Good fit: Coast Guard Academy and maritime-institution families

The real U.S. Coast Guard Academy and Connecticut College make New London a genuine, natural fit for families with a direct connection to either institution.

Weaker fit: those prioritizing the lowest tax rate or top schools

Buyers who specifically want the lowest possible Groton-area property tax rate, or a top-rated public school district, should weigh New London's ~2.61% rate and C+ district grade directly.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.