The story of this market
The typical home in ZIP 44851 sells for about $208,094, or $115 per square foot.
Prices are up +7.7% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $821 a month.
ZIP 44851 — New London
The housing market in 44851 is experiencing steady appreciation, driven by low inventory and consistent demand for rural residential properties. While sales volume remains modest, the market is stable with prices rising year-over-year. Buyers are primarily local residents or those seeking a lower cost of living compared to nearby urban centers.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs and a close-knit community atmosphere.
Median prices moved up 7.7% year over year.
Homes spend a median of 82 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 10.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 44851
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the New London Local School District, which provides standard public education for the village and surrounding rural areas.
The region is primarily inland with low wildfire risk, though localized flooding can occur near the Vermilion River and its tributaries.
Economic momentum is driven by local agricultural operations and small-scale manufacturing, with limited large-scale commercial development.
Property taxes are assessed by Huron County based on local millage rates, which include levies for schools, county services, and township operations.
Residents typically rely on personal vehicles for commutes, with access to State Route 60 and State Route 162 providing connections to larger employment hubs in Norwalk and Ashland.
The area features local community parks and proximity to rural outdoor spaces, with basic shopping and dining concentrated in the village center.
The rental market is characterized by low inventory and modest demand, primarily consisting of single-family home rentals.
The local economy is anchored by agriculture and small-scale manufacturing, with many residents commuting to nearby cities for employment.
Transportation is almost exclusively automobile-dependent, with no public transit infrastructure serving the rural geography.
Development is primarily limited to residential infill and small-scale commercial improvements within the village limits.
The Huron County Auditor manages property assessments, with reappraisals occurring on a triennial cycle.
Parcels are subject to school district levies and county-wide special assessments for health and human services.
Property insurance premiums are generally stable, reflecting the low-hazard rural environment.
Data retrieved from Census Bureau ACS 2023 tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Claremar Twin Lakes Camping Resort3.88.3 mi
- Summit Motorsports Park4.812.1 mi
- Dragway 424.718.1 mi
- Lorain County Fair4.510.5 mi
- Hillcrest Orchards4.518.4 mi
- Ashland County Fairgrounds4.417 mi
- Wellington Community Park4.511 mi
- Fowler Woods State Nature Preserve4.58.7 mi
- Matus Winery4.712.1 mi
- New London Recreation Park4.60.8 mi
- Hurdle Waterfowl Park4.110.1 mi
- Allen Memorial Art Museum4.717.2 mi
- Edison Birthplace Association Inc.4.717.6 mi
- Til Death Tattoo and Piercing Co.4.916.7 mi
- Findley State Park4.610.7 mi
- Wellington Community Park4.511 mi
- Fowler Woods State Nature Preserve4.58.7 mi
- Wellington Reservation4.810.1 mi
- New London Recreation Park4.60.8 mi
- Echo Valley Golf Club4.69.5 mi
- Millstone Hills Golf Course4.71 mi
- Planktown Country Market - Shiloh, OH4.812.8 mi
- Beyond Measure Market4.77.8 mi
- Dollar General4.110.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local fishing and recreational space.
Community hub for local sports and gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.