New Market—47965
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Market
As of Oct '25, the median home price in New Market is $170,000, with a year-over-year change of 7.7%. This indicates that home prices in New Market are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | 7.7% |
| Single Family | $170,000 | 7.6% |
| 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 | $176,000 | 6.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Market
New Market lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Market
As of Oct '25, Realtor.com reports that the median days on market for a home in New Market is 97. This is a increase of 874.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | -35.0% |
Listing Count | 3 | -22.0% |
| Listings as % of Homes | 0.4% | -22.0% |
Days on Market | 97 | 874.0% |
Demographics — New Market
As of the latest ACS Survey released in 2023, New Market has a population of 550, which has decreased by -9.7% over the past 5 years. New Market is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 550 | -9.7% |
% Under 18 | 20.4% | -27.7% |
% Seniors | 26.2% | 162.0% |
% WFH | 8.1% | ∞% |
% w/ College Degree | 11.0% | 3.8% |
As of the latest ACS Survey released in 2023, New Market is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in New Market is hispanic, making up 1.6% of the population. Foreign-born residents account for 0.4% of the population in New Market, and this percentage has increased by 33.3% 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 | 96.9% | 0.5% |
% Black | 0.0% | N/A |
% Hispanic | 1.6% | -38.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | 33.3% |
Mortgage and Risk — New Market
New Market lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Market
New Market lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — New Market
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $170,000 |
| Median Household Income | $75,100 |