Why Live in Coit
Coit, a historic neighborhood in New London, features narrow lots and predominantly two- or three-story front-gabled houses built between 1870 and 1920. These homes often include Italianate eaves and gingerbread detailing, and many have been converted into multi-unit properties. The area is dotted with pocket parks like Garfield Park and Coit Street Park, and historical sites such as the Joshua Hempsted House and Nathaniel Hempsted House. Residents enjoy a variety of international eateries, including Tony’s Caribbean Kitchen and Osmino’s Grill, as well as unique shops like Post Modern Home and Thames River Gallery on Bank Street. The neighborhood is served by SEAT buses and is close to the New London Amtrak Station, providing connections to major cities. Interstate 95 is just 1 mile away, and several ferries operate from downtown. Connecticut College, a highly rated institution, is located about a half-mile north. Coit hosts various community organizations and events, including Sailfest in July and outdoor salsa socials at Parade Plaza. The New London School District, the state's first all-magnet system, offers specialized programs in STEM, international education, and visual and performing arts. The neighborhood is safer than the national average, adding to its appeal for potential residents.
Frequently Asked Questions
Is Coit a good place to live?
Coit is a good place to live. Coit is considered fairly walkable and somewhat bikeable with some transit options. Coit has 2 parks for recreational activities. It has a median age of 38. The average household income is $61,348 which is below the national average. College graduates make up 17.9% of residents. A majority of residents in Coit are renters, with 73.4% of residents renting and 26.6% of residents owning their home. A
local real estate agent serving Coit can help you decide if this neighborhood is the right one for you. Learn more on our
Coit neighborhood guide.
Is Coit, CT a safe neighborhood?
Coit, CT is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Coit?
The median home price in Coit is $229,000. If you put a 20% down payment of $45,800 and had a 30-year fixed mortgage with an interest rate of 6.19%, your estimated principal and interest payment would be $1,120 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $48K a year to afford the median home price in Coit. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Coit is $61K.
What are the best public schools in Coit?
The best public schools that serve Coit are:
What are the best private schools in Coit?
The best private schools that serve Coit are:
What are the most popular zip codes in Coit, New London, CT?
What are the most popular neighborhoods near Coit, New London, CT?
Are home prices dropping in Coit?
Yes, home prices in Coit are down 20% in the last 12 months.
Home Trends in Coit, CT
On average, homes in Coit, New London sell after 73 days on the market compared to the national average of 53 days. The median sale price for homes in Coit, New London over the last 12 months is $238,500, up 34% from the median home sale price over the previous 12 months.
Median Sale Price
$238,500
Median Single Family Sale Price
$217,000
Average Price Per Sq Ft
$184
Number of Homes for Sale
1
Last 12 months Home Sales
8
Median List Price
$229,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
34%