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New Market, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,342
Population
$51,410
Median Income
$272,900
Home Value
49.8
Median Age

Demographics

New Market has a population of 2,342 with a median age of 49.8. Here is the racial and ethnic breakdown of the population:

White
85.9%
Hispanic
11.0%
Black
2.2%
Asian
0.6%
Demographic Value
Total Population2,342
Median Age49.8
White85.9%
Black or African American2.2%
Asian0.6%
Hispanic or Latino11.0%
New Market, Virginia — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 86.2%Hispanic/Latino: 11.0%Black: 2.2%Other: 0.6%2,342PopulationWhiteWhite86.2%Hispanic/LatinoHispanic/Latino11.0%BlackBlack2.2%OtherOther0.6%

Income & Economy

The median household income in New Market is $51,410, which is 36.2% below the national median of $80,610. The per capita income is $31,839. The poverty rate is 11.1%.

$51,410
Median Household Income
$31,839
Per Capita Income
11.1%
Poverty Rate

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Education

In New Market, 84.2% of residents age 25+ have a high school diploma or higher, and 19.7% hold a bachelor's degree or higher (8.3% with a graduate or professional degree).

HS Diploma+
84.2%
Bachelor's+
19.7%
Graduate+
8.3%
Education Level % of Adults (25+)
High School Diploma or Higher84.2%
Bachelor's Degree or Higher19.7%
Graduate or Professional Degree8.3%

Housing

The median home value in New Market is $272,900, below the national median of $303,400. The median monthly rent is $919. The homeownership rate is 42.9%.

$272,900
Median Home Value
$919/mo
Median Rent
42.9%
Homeownership Rate
Housing Metric Value
Median Home Value$272,900
Median Monthly Rent$919
Homeownership Rate42.9%
Vacancy Rate7.5%

Salaries in Virginia

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Frequently Asked Questions

What is the population of New Market, Virginia?
The population of New Market, Virginia is 2,342 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Market, Virginia?
The median household income in New Market, Virginia is $51,410. This is 36.2% below the national median of $80,610.
What is the median home value in New Market, Virginia?
The median home value in New Market, Virginia is $272,900. The median monthly rent is $919.
What percentage of people in New Market have a college degree?
In New Market, Virginia, 19.7% of adults age 25 and older hold a bachelor's degree or higher, and 84.2% have a high school diploma or higher.
Is New Market, Virginia an affordable place to live?
The home price-to-income ratio in New Market, Virginia is 5.3x (median home value $272,900 vs. median income $51,410), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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