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July 6, 2023

New London ranked among ‘most affordable’ beach towns in U.S.

Pi.1415926535, CC BY-SA 3.0 , via Wikimedia Commons The New London skyline seen from Fort Griswold.
By Andrew Larson

New London is the third most affordable beach town in the United States, according to Realtor.com.

In a state where the median home price is about 20% more expensive than the rest of the country, New London stands out for its affordability, the website said.

The median price of a home within 1 mile of a beach was $257,000, according to the study. The median price per square foot within 1 mile of a beach was $175.

New London has a large public beach, Ocean Beach Park, on Long Island Sound. The beach features a boardwalk along with entertainment, including concerts, free movies and fireworks.

A condo on the water just south of Green Harbor Beach goes for about $170,000, according to the study. A four-bedroom home near Ocean Beach costs under $300,000.

New London is the only New England town on the list.

The No. 1 town was Gulport, Mississippi, which is on the Gulf of Mexico, and has a median price  per square foot within 1 mile of a beach of $144.

Other towns in the top five are Newport News, Virginia; Grand Isle, Louisiana and Corpus Christi, Texas. Atlantic City was No. 6.

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