Performance indicators for the New London short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in New London.
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Challenging to Investors
New London allows STRs but only by treating them as Bed and Breakfast uses, requiring a multi-step Special Use Permit (Planning Board review + Town Board approval) and a Certificate of Occupancy before operation. The operational rules are strict (no physical expansions, prohibited cooking in guest rooms, breakfast-only service for guests, one off-site parking space per guest bedroom, must maintain residential character), creating a significant compliance burden and limiting investor flexibility. While caps aren't explicitly mentioned, the rigid permitting process, structural limitations, and mandatory preservation of residential character create considerable barriers for potential investors.
Local STR Agent
STR specialist · New London, NC
New London is a town in Stanly County, North Carolina, United States. The population was 600 at the 2010 census, and was estimated to be 724 as of 2019. The town lies between Albemarle and Richfield along U.S. 52 in the southern Piedmont region of the state, approximately 45 miles (72 km) east-northeast of Charlotte. It was the site of a gold mine, which was active during periods of the mid-1800s and early 1900s.