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CITY

New Market

Alabama · 1,314 residents · 17.53 sq mi
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The short version

New Market has lower-than-average household income, with a median household income of $62,500. Population has fallen 30% since 2000, a loss of 550 residents. Median home value has risen by half since 2000, reaching $112,500.

At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 38.3
US median: 38.9
Less educated
24% hold a bachelor's degree
US average: 36%
More affordable
home values down 8%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,314
−30%since 2000
from 1,864 in 2000
1990 – 2024
Population density
75 / sq mi
−30%since 2000
from 106 / sq mi in 2000
US average: 281
Median age
38.3
+8%since 2000
from 35.3 in 2000
US average: 38.9
Population, 1990 – 2024
9141K1K2K2K1990201020202024New Market
20241K
1990201020202024
Section 02

Income & economy

Median household income
$62,500
−20%inflation adjusted, since 2000
from $42,985 in 2000
US average: $82,259
1990 – 2024
Per capita income
$30,808
+64%since 2000
from $18,799 in 2000
US average: $44,673
Households earning $100K+
48.3%
+20.8 ptssince 2009
from 27.5% in 2009
US average: 53.3%
Poverty rate
10.1%
−1.1 ptssince 2000
from 11.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.341
−19%since 2010
from 0.422 in 2010
US average: 0.476
Workforce by industry, 2024
Wholesale trade25.5%
US avg: 6.9%
Information24.7%
US avg: 10.8%
Other services9.9%
US avg: 6.7%
Public administration9.9%
US avg: 4.8%
Retail trade4.3%
US avg: 9.9%
Transportation & warehousing3.9%
US avg: 2.2%
Agriculture, forestry, fishing1.3%
US avg: 1.6%
Construction1.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$112,500
−8%inflation adjusted, since 2000
from $66,900 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,054
+21%inflation adjusted, since 2000
from $477 in 2000
US average: $1,442
Owner-occupied
86.9%
+3.3 ptssince 2000
from 83.5% in 2000
13.1% rent
Vacancy rate
7.1%
+5.7 ptssince 2009
from 1.4% in 2009
US average: 10.0%
Owner cost-burdened
2.6%
−19.7 ptssince 2009
from 22.3% in 2009
US average: 22.9%
Renter cost-burdened
81.6%
+60.3 ptssince 2009
from 21.3% in 2009
US average: 47.4%
Afford Score
1.8
+16%since 2000
from 1.6 in 2000
1990 – 2024
Gentrification Score
26
RELATED:See current rent listings in New Market on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic85.5%(1,593)
Black6.3%(117)
Hispanic / Latino3.5%(66)
Asian0.1%(2)
Other0%
Diversity Score23.9%(446)
2024
White, non-Hispanic73.6%(967)
Black13.3%(175)
Hispanic / Latino6.8%(90)
Asian2.4%(32)
Other3.8%(50)
Diversity Score54.2%(713)
Diversity Score
54
+127%since 2000
from 24 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
23.8%
+7.3 ptssince 2000
from 16.6% in 2000
US average: 35.6%
High school or higher
90.1%
+29.8 ptssince 2000
from 60.3% in 2000
US average: 89.6%
Graduate degree
6.3%
+1.1 ptssince 2000
from 5.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.7 min
+33%since 2000
from 20.7 min in 2000
US average: 26.5
Drive alone to work
70.7%
−10.4 ptssince 2009
from 81.1% in 2009
US average: 68.9%
Carpooled to work
22.3%
+11.0 ptssince 2009
from 11.3% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
5.0%
+1.1 ptssince 2009
from 3.9% in 2009
US average: 15.0%
Walked to work
2.0%
Unchangedsince 2009
from 2.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
4.8%
+1.8 ptssince 2009
from 3.1% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.3%
−0.1 ptssince 2011
from 2.4% in 2011
US average: 5.2%
Labor force participation
72.5%
+4.5 ptssince 2011
from 68.0% in 2011
US average: 63.5%
Self-employed
4.5%
−12.5 ptssince 2009
from 17.0% in 2009
US average: 13.1%
Management & professional
39.7%
−28.4 ptssince 2009
from 68.2% in 2009
US average: 42.5%
Section 08

People & community

Male
48.7%
−1.7 ptssince 2009
from 50.4% in 2009
Female
51.3%
+1.7 ptssince 2009
from 49.6% in 2009
Foreign born
4.5%
+1.6 ptssince 2009
from 2.9% in 2009
US average: 14.1%
Veterans
9.9%
−37.8 ptssince 2009
from 47.7% in 2009
US average: 6.2%
With a disability
20.5%
+4.3 ptssince 2012
from 16.2% in 2012
US average: 13.3%
Uninsured
10.3%
−74.5 ptssince 2013
from 84.8% in 2013
US average: 8.4%
Broadband at home
88.1%
+16.0 ptssince 2017
from 72.1% in 2017
US average: 91.0%
English only at home
96.3%
+0.3 ptssince 2016
from 96.0% in 2016
US average: 77.7%
Spanish at home
0.0%
−4.0 ptssince 2016
from 4.0% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare New Market to nearby cities

NEW MARKET VS
Meridianville
Income$97,434+56%
Home value$291,900+159%
Population11,150+749%
SEE FULL COMPARISON →
NEW MARKET VS
Huntsville
Income$74,714+20%
Home value$293,600+161%
Population233,627+17680%
SEE FULL COMPARISON →
NEW MARKET VS
Madison
Income$134,655+115%
Home value$398,800+254%
Population67,968+5073%
SEE FULL COMPARISON →
NEW MARKET VS
Winchester
Income$62,782same
Home value$216,900+93%
Population10,438+694%
SEE FULL COMPARISON →
Frequently asked

How many people live in New Market, Alabama?

New Market, Alabama has about 1,314 residents according to the 2024 American Community Survey.

What is the median household income in New Market, Alabama?

The typical household in New Market, Alabama earns about $62,500 a year. Half of households make more than that, and half make less.

Is New Market, Alabama expensive?

In New Market, Alabama, the median home is worth about $112,500, and the typical rent is about $1,054 a month.

How educated are people in New Market, Alabama?

About 23.8% of adults age 25 and over in New Market, Alabama hold a bachelor's degree or higher.

What is the poverty rate in New Market, Alabama?

About 10.1% of people in New Market, Alabama live below the federal poverty line.

Has New Market, Alabama grown since 1990?

Yes, New Market, Alabama has grown since 1990. The population has added about 249 residents, a change of about 23 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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