Median Income
$41,364
45% lower than US avg
Home Value
$160,200
43% lower than US avg
Bachelor's+
18.2%
46% lower than US avg
Median Rent
$742
36% lower than US avg
Unemployment
2.2%
39% lower than US avg
Poverty Rate
17.3%
40% higher than US avg
How New Market Compares to the U.S. Average (100% = U.S. avg)
People
Population826
Median Age36.4 yrs
Density4,347/mi²
Male / Female36% / 64%
Largest GroupWhite 65%
Veterans4.9%
Economy
B
Median Income$41,364
Per Capita$30,228
Unemployment2.2%
Poverty17.3%
County GDP$28,909M
Commute22 min
Housing
A+
Home Value$160,200
Rent$742
OwnershipN/A
Rent Burden30.4%
Climate
Avg Temp55°F
AQI40 (Good)
Rain41.0 in/yr
Elevation315 ft
Education
C
Bachelor's+18.2%
High School+92.6%
School Score5.95
Community
2024 VoteR 46% / D 52%
Commute22 min
Broadband81.8%
Libraries10
Is New Market a Good Place to Live?
Based on current data, New Market receives an overall livability score of 3.4 out of 5.0, earning a grade of B. Key strengths include low unemployment, affordable housing. Areas to be aware of include an elevated poverty rate, below-average incomes. New Market offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in New Market is $41,364, 45% below the national average of $75,149. The job market is very strong with unemployment at just 2.2%. The poverty rate of 17.3% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 22 minutes.
Cost of Living & Housing
The median home value in New Market is $160,200, 43% below the national median — offering relatively affordable homeownership. Renters pay a median of $742 per month, below the national average — a plus for affordability. A price-to-income ratio of 3.9x indicates a reasonably affordable housing market.
Education
18.2% of residents hold a bachelor's degree, below the national average of 33.7%. 92.6% have completed high school. Area schools have an average test score of 5.9/10.
Climate & Weather
New Market experiences four distinct seasons with an average temperature of 55°F. Winters average 33°F in January while summers reach 78°F in July. Annual precipitation totals 41.0 inches. Air quality is rated Good with a median AQI of 40.
New Market has a population of 826 with a density of 4,347 people per square mile. The median age is 36.4 years, 6% younger than the national median of 38.9. The city is predominantly White (64.8%), with 4.8% Hispanic, 17.9% Black.
Population
36.4yrs
Median Age
6% below US avg
Race & Ethnicity
New Market vs U.S. Average
Language Spoken at Home
| English Only | 85.1% |
| 8% above US avg |
| Spanish | 14.9% |
| 11% above US avg |
Social Characteristics
New Market vs U.S. Average
The median household income in New Market is $41,364, which is 45% below the national average of $75,149. The unemployment rate is 2.2% (below the 3.6% US average). 17.3% of residents live below the poverty line. Workers commute an average of 22 minutes.
Income: New Market vs U.S.
Income
| Median HH Income | $41,364 |
| 45% below US avg |
| Per Capita Income | $30,228 |
| Avg Weekly Wage | $1,308 |
| IRS Avg AGI | $74,173 |
Employment & Poverty
| Unemployment | 2.2% |
| 39% below US avg |
| Poverty Rate | 17.3% |
| 40% above US avg |
| Establishments (County) | 7,552 |
| County GDP | $28,909M |
Business (County)
| Restaurants | 716 |
| Healthcare | 979 |
| Retail | 898 |
| Manufacturing | 194 |
Tax & Cost of Living
| Property Tax (IRS) | $6,206 |
| 77% above US avg |
| Effective Tax Rate | 3.87% |
Commute & Transportation
| Commute Time | 22.1 min |
| Drive Alone | 84.6% |
| Public Transit | 0.0% |
| Work from Home | 3.6% |
The median home value in New Market is $160,200, 43% below the national average. Monthly rent averages $742 (36% below US avg).
Home Values
| Census Median | $160,200 |
| 43% below US avg |
Real Estate Market (Redfin)
| $/Sq Ft | $158 |
| Homes Sold | 1 |
| Sale-to-List Ratio | 100.0% |
| Price Drops | 0.0% |
Rental Costs
| Census Median Rent | $742 |
| 36% below US avg |
| Rent Burden | 30.4% |
HUD Fair Market Rent
| Studio | $900 |
| 1 Bedroom | $996 |
| 2 Bedrooms | $1,225 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,744 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $6,206 |
| 77% above US avg |
| Effective Rate | 3.87% |
Health Metrics: New Market vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
| Insurance Rate | 91.8% |
| |
| Premature Death | 8,617/100K |
Food & Exercise
| Food Environment | 8.1/10 |
| Exercise Access | 88.7% |
| Healthcare Facilities | 979 |
Crime Rates: New Market vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 26 |
Safety Score
New Market has an average annual temperature of 55°F (13°C). Winters average 33°F in January while summers reach 78°F in July. Annual precipitation is 41.0 inches. Air quality is rated Good with a median AQI of 40.
Temperature
33°F Jan (0°C)
78°F Jul (25°C)
| Annual Average | 55.2°F |
| 2% above US avg |
| January Average | 33°F (0°C) |
| July Average | 78°F (25°C) |
Precipitation & Snow
| Annual Rainfall | 41.0 inches |
| 8% above US avg |
Air Quality
| AQI Median | 40.0 |
| Rating | Good |
Geography
| Elevation | 315 ft (96 m) |
| Area | 0.2 sq mi (0.5 km²) |
| Population Density | 4,347/sq mi |
| Coordinates | 40.2230°N, 76.8561°W |
| County FIPS | 42043 |