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CITY · 2020 ACS

New Market

Maryland · 1,525 residents · 1.77 sq mi
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The short version

New Market is significantly wealthier than the US average, with a median household income of $153,472. The city has more than doubled in size since 2000, adding 1,098 residents. 70% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has roughly tripled since 2000, reaching $467,400. Poverty is rare here, at 0.3% of residents. Households here earn about 76% more than the Maryland median.

At a glance
Wealthier
above the US median
US median: $66,278
Younger
median age 35.9
US median: 38.8
More educated
70% hold a bachelor's degree
US average: 33%
Less affordable
home values up 98%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,525
+257%since 2000
from 427 in 2000
1990 – 2025
Population density
862 / sq mi
+257%since 2000
from 241 / sq mi in 2000
US average: 280
Median age
35.9
−5%since 2000
from 37.6 in 2000
US average: 38.8
Population, 1990 – 2024
2125919711K2K1990201020202024New Market
20242K
1990201020202024
Section 02

Income & economy

Median household income
$153,472
+64%inflation adjusted, since 2000
from $62,292 in 2000
US average: $66,278
1990 – 2024
Per capita income
$45,226
+105%since 2000
from $22,102 in 2000
US average: $35,364
Households earning $100K+
77.4%
+43.2 ptssince 2009
from 34.2% in 2009
US average: 43.9%
Poverty rate
0.3%
−0.4 ptssince 2000
from 0.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services9.5%
US avg: 6.6%
Public administration7.7%
US avg: 4.7%
Information4.4%
US avg: 11.1%
Wholesale trade3.2%
US avg: 6.7%
Finance & insurance2.5%
US avg: 5.5%
Retail trade2.4%
US avg: 10%
Arts, entertainment, food2.4%
US avg: 2%
Professional, scientific, technical1.5%
US avg: 4.7%
Transportation & warehousing1%
US avg: 2.5%
Education & health services1%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$467,400
+98%inflation adjusted, since 2000
from $156,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,690
+62%inflation adjusted, since 2000
from $696 in 2000
US average: $1,124
Owner-occupied
92.0%
+15.9 ptssince 2000
from 76.1% in 2000
8.0% rent
Afford Score
3.0
+21%since 2000
from 2.5 in 2000
1990 – 2024
RELATED:See current rent listings in New Market on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.7%(400)
Black4.2%(18)
Hispanic / Latino1.2%(5)
Asian0.9%(4)
Other0%
Diversity Score15.1%(64)
2020
White, non-Hispanic81.4%(1,242)
Black2.9%(44)
Hispanic / Latino6.6%(100)
Asian4%(61)
Other2.6%(39)
Diversity Score36.7%(560)
Diversity Score
37
+144%since 2000
from 15 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
69.7%
+35.8 ptssince 2000
from 33.9% in 2000
US average: 32.9%
High school or higher
98.8%
+3.8 ptssince 2000
from 95.1% in 2000
US average: 88.5%
Graduate degree
23.5%
+8.7 ptssince 2000
from 14.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
38.2 min
+49%since 2000
from 25.6 min in 2000
US average: 26.9
Drive alone to work
82.8%
−3.9 ptssince 2009
from 86.8% in 2009
US average: 75.1%
No vehicle available
3.2%
+1.6 ptssince 2009
from 1.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.0%
−2.9 ptssince 2011
from 4.9% in 2011
US average: 5.4%
Labor force participation
80.1%
−1.1 ptssince 2011
from 81.2% in 2011
US average: 63.4%
Management & professional
53.8%
−11.2 ptssince 2009
from 65.0% in 2009
US average: 39.3%
Section 08

People & community

Male
50.4%
+18.6 ptssince 2009
from 31.8% in 2009
Female
49.6%
−18.6 ptssince 2009
from 68.2% in 2009
Foreign born
7.1%
+4.8 ptssince 2009
from 2.3% in 2009
US average: 13.5%
Uninsured
1.0%
−96.4 ptssince 2013
from 97.4% in 2013
US average: 8.8%
Drill deeper

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Compare New Market to nearby cities

NEW MARKET VS
Linganore
Income$175,833+15%
Home value$533,500+14%
Population14,444+798%
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NEW MARKET VS
Green Valley
Income$171,707+12%
Home value$594,300+27%
Population13,602+745%
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NEW MARKET VS
Urbana
Income$182,500+19%
Home value$640,100+37%
Population14,260+786%
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NEW MARKET VS
Mount Airy
Income$151,324−1%
Home value$487,400+4%
Population9,857+513%
SEE FULL COMPARISON →
Frequently asked

How many people live in New Market, Maryland?

New Market, Maryland has about 1,525 residents according to the 2020 American Community Survey.

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

The typical household in New Market, Maryland earns about $153,472 a year. Half of households make more than that, and half make less.

Is New Market, Maryland expensive?

In New Market, Maryland, the median home is worth about $467,400, and the typical rent is about $1,690 a month.

How educated are people in New Market, Maryland?

About 69.7% of adults age 25 and over in New Market, Maryland hold a bachelor's degree or higher.

What is the poverty rate in New Market, Maryland?

About 0.3% of people in New Market, Maryland live below the federal poverty line.

Has New Market, Maryland grown since 1990?

Yes, New Market, Maryland has grown since 1990. The population has added about 1,187 residents, a change of about 351 percent over that period.

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

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