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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.

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

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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