New Market, MD 21774 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Market, MD—21774

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$591,000

1.4% YoY Growth

Household Income

$172,000

32.7% YoY Growth

Days on Market

38.0% Longer YoY

Home Price Forecast

-0.1%

Median Rent

$3,100

7.8% YoY Growth

1-Bed Rent

$1,700

N/A

2-Bed Rent

$1,600

21.2% YoY Growth

3-Bed Rent

$2,950

7.3% YoY Growth

Home Price Trends — New Market, MD

As of Dec '25, the median home price in New Market, MD is $591,000, with a year-over-year change of 1.4%. This indicates that home prices in New Market, MD are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$591,000	1.4%
Single Family	$599,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Market, MD

As of July '25, Rentcast reports the average rent in New Market, MD is $3,320, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in New Market, MD is 1-bedrooms: $1,700, 2-bedrooms: $2,050, 3-bedrooms: $2,940, 4-bedrooms: $3,900. The most common rental property sizes in New Market, MD are 3-bedroom and 1-bedroom, accounting for 32.9% and 27.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,320
Studio Rent	N/A	N/A
1 Bed Rent	$1,700	$1,700
2 Bed Rent	$1,600	$2,050
3 Bed Rent	$2,950	$2,940
4 Bed Rent	$3,380	$3,900

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% of Rental Stock

1 Bedroom

27.9%

2 Bedrooms

21.0%

3 Bedrooms

32.9%

4 Bedrooms

8.0%

5+ Bedrooms

10.2%

Property Listings — New Market, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in New Market, MD is 37. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$595,000	-14.0%
Listing Count	67	32.0%
Listings as % of Homes	1.5%	32.0%
Days on Market	57	38.0%

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Demographics — New Market, MD

As of the latest ACS Survey released in 2023, New Market, MD has a population of 16,500, which has increased by 29.7% over the past 5 years. New Market, MD is a popular place for families, as children make up 29.1% of the population. The area has a highly educated workforce, with 60.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,500	29.7%
% Under 18	29.1%	-1.0%
% Seniors	9.2%	-5.2%
% WFH	23.8%	193.8%
% w/ College Degree	60.6%	10.4%

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As of the latest ACS Survey released in 2023, New Market, MD is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in New Market, MD is hispanic, making up 7.8% of the population. Foreign-born residents account for 7.6% of the population in New Market, MD, and this percentage has increased by 65.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	78.3%	-8.6%
% Black	5.1%	13.3%
% Hispanic	7.8%	56.0%
% Asian	3.6%	71.4%
% Foreign Born	7.6%	65.2%

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Mortgage and Risk — New Market, MD

According to HUD data as of 2023, there were 619 mortgage originations in New Market, MD, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in New Market, MD. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	619
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — New Market, MD

As of 2024, the percent of homes in New Market, MD under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In New Market, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	29
Total Units Section 8	29
% Rentals under Section 8	2.8%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$890	$1,700	$2,590
2 Bedroom	$1,310	$1,600	$2,910
3 Bedroom	$690	$2,950	$3,640
4 Bedroom	$910	$3,380	$4,290

New Market, MD—21774

Key Metrics at a Glance

Home Price Trends — New Market, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Market, MD

% of Rental Stock

Property Listings — New Market, MD

Demographics — New Market, MD

Race and Ethnicity

Mortgage and Risk — New Market, MD

Mortgages

Rentals and Section 8 — New Market, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — New Market, MD

Home Price to Income Ratio

New Market, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Monrovia, MD

Frederick, MD

Libertytown

Ijamsville, MD

Walkersville, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$591,000
Median Household Income	$172,000

New Market, MD—21774

Key Metrics at a Glance

Home Price Trends — New Market, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Market, MD

% of Rental Stock

Property Listings — New Market, MD

Demographics — New Market, MD

Race and Ethnicity

Mortgage and Risk — New Market, MD

Mortgages

Rentals and Section 8 — New Market, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — New Market, MD

Home Price to Income Ratio

New Market, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Monrovia, MD

Frederick, MD

Libertytown

Ijamsville, MD

Walkersville, MD

Frequently Asked Questions

What is the average home price in New Market, MD 21774?

How have home prices in New Market, MD 21774 changed over the past year?

What is the home price projection for New Market, MD 21774?

What are the demographics of New Market, MD 21774?

How long does it take homes to sell in New Market, MD 21774?

What is the average rent price in New Market, MD 21774?