New Market, AL 35761 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Market, AL—35761

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$289,000

0.4% YoY Growth

Household Income

$82,300

29.6% YoY Growth

Days on Market

104

75.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,800

2.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,300

6.6% YoY Growth

3-Bed Rent

$1,750

3.6% YoY Growth

Home Price Trends — New Market, AL

As of Dec '25, the median home price in New Market, AL is $289,000, with a year-over-year change of 0.4%. This indicates that home prices in New Market, AL are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$289,000	0.4%
Single Family	$289,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Market, AL

As of July '25, Rentcast reports the average rent in New Market, AL is $1,810, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in New Market, AL is 2-bedrooms: $1,300, 3-bedrooms: $1,720, 4-bedrooms: $1,920. The most common rental property sizes in New Market, AL are 3-bedroom and 2-bedroom, accounting for 51.5% and 37.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,810
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,300	$1,300
3 Bed Rent	$1,750	$1,720
4 Bed Rent	$1,850	$1,920

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% of Rental Stock

1 Bedroom

7.3%

2 Bedrooms

37.9%

3 Bedrooms

51.5%

4 Bedrooms

3.2%

Property Listings — New Market, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in New Market, AL is 93. This is a increase of 77.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$332,000	0.0%
Listing Count	165	14.0%
Listings as % of Homes	1.2%	14.0%
Days on Market	104	75.0%

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Demographics — New Market, AL

As of the latest ACS Survey released in 2023, New Market, AL has a population of 14,100, which has increased by 12.4% over the past 5 years. New Market, AL is a popular place for families, as children make up 27.9% of the population. The area has a moderately educated workforce, with 30.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,100	12.4%
% Under 18	27.9%	13.9%
% Seniors	11.7%	-23.0%
% WFH	13.5%	200.0%
% w/ College Degree	30.4%	0.0%

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As of the latest ACS Survey released in 2023, New Market, AL is a predominantly white area, with 75.6% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in New Market, AL is black, making up 14.9% of the population. Foreign-born residents account for 1.7% of the population in New Market, AL, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	75.6%	-5.0%
% Black	14.9%	40.6%
% Hispanic	3.1%	29.2%
% Asian	0.3%	-57.1%
% Foreign Born	1.7%	-5.6%

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Mortgage and Risk — New Market, AL

According to HUD data as of 2023, there were 626 mortgage originations in New Market, AL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in New Market, AL. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	626
% Conventional Loans	60.0%
% Government Loans	40.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — New Market, AL

New Market, AL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	7
Total Units Section 8	7
% Rentals under Section 8	1.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,060
2 Bedroom	-$60	$1,300	$1,240
3 Bedroom	-$150	$1,750	$1,600
4 Bedroom	$100	$1,850	$1,950

New Market, AL—35761

Key Metrics at a Glance

Home Price Trends — New Market, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Market, AL

% of Rental Stock

Property Listings — New Market, AL

Demographics — New Market, AL

Race and Ethnicity

Mortgage and Risk — New Market, AL

Mortgages

Rentals and Section 8 — New Market, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — New Market, AL

Home Price to Income Ratio

New Market, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Elora, TN

Princeton, AL

Huntsville, AL

Meridianville, AL

Flintville, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$289,000
Median Household Income	$82,300

New Market, AL—35761

Key Metrics at a Glance

Home Price Trends — New Market, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Market, AL

% of Rental Stock

Property Listings — New Market, AL

Demographics — New Market, AL

Race and Ethnicity

Mortgage and Risk — New Market, AL

Mortgages

Rentals and Section 8 — New Market, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — New Market, AL

Home Price to Income Ratio

New Market, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Elora, TN

Princeton, AL

Huntsville, AL

Meridianville, AL

Flintville, TN

Frequently Asked Questions

What is the average home price in New Market, AL 35761?

How have home prices in New Market, AL 35761 changed over the past year?

What is the home price projection for New Market, AL 35761?

What are the demographics of New Market, AL 35761?

How long does it take homes to sell in New Market, AL 35761?

What is the average rent price in New Market, AL 35761?