New Market, AL—35761
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Market, AL
As of Oct '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 0.9%, suggesting a relatively flat 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 | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $268,000 | 0.4% |
4 Bed | $349,000 | 1.2% |
| 5 Bed | $495,000 | 3.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — New Market, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in New Market, AL is 76. This is a increase of 47.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $335,000 | -7.0% |
Listing Count | 180 | 100.0% |
| Listings as % of Homes | 1.2% | 100.0% |
Days on Market | 76 | 47.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — New Market, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $289,000 |
| Median Household Income | $82,300 |