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New Market, TN

Full City Profile · Tennessee · Jefferson County County

3.4 /5.0
B Good
1,789 Population 423/sq mi density
$70,913 Median Income $30,033 per capita
$166,400 Home Value $309,463 Zillow
$946 Median Rent 14.2% income on rent
54°F Avg Temperature 299 sunny days/yr
73 Violent Crime/100K 583 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$70,913 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$166,400 home value, $946/mo rent
F
Safety
1.0 / 5.0
73 violent crimes/100K
B
Education
3.0 / 5.0
25.5% bachelor's degree or higher

Housing Overview

Median Home Value
$166,400
41% below
US avg: $281,900
Median Rent
$946/mo
19% below
US avg: $1,163/mo
Homeownership Rate
74.6%
14% above US avg (65.4%)
Total Housing Units
652
Median year built: 1975

Home Value by Source

Census Median
$166,400
Zillow (ZHVI)
$309,463
Median Sale Price
$245,000
Median List Price
$375,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

74.6%
Owner-Occupied
25.4%
Renter-Occupied
75%
25%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent: $946/mo

Market Indicators (Redfin)

Median Days on Market
53 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
60.0%
of listings with price reduction
Price Per Sq Ft
$177
Active Inventory
5
homes for sale

Affordability & Housing Stock

Rent Burden
14.2%
of renters spending 30%+ of income on housing
54% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
74.6%

Complete Housing Data

Home Values

Census Median Value$166,400
Zillow Home Value (ZHVI)$309,463
Median Sale Price$245,000
Median List Price$375,000
Price Per Sq Ft$177

Rent

Census Median Rent$946
FMR Studio$882
FMR 1-Bedroom$924
FMR 2-Bedroom$1,118
FMR 3-Bedroom$1,445
FMR 4-Bedroom$1,644

Market

Days on Market53
Sale-to-List Ratio1.0%
Price Drops60.0%
Homes Sold1
Active Inventory5
Price Per Sq Ft$177

Ownership & Stock

Owner-Occupied74.6%
Renter-Occupied25.4%
Homeownership Rate74.6%
Total Housing Units652
Median Year Built1975
Rent Burden14.2%