Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.8 yrs |
|---|---|
| Avg HH Size | 3.04 |
| Below Poverty | 2.1% ▼ 79% below avg |
| College Grads | 69.0% ▲ 78% above avg |
| Unemployment | 1.7% ▼ 66% below avg |
| No HS Diploma | 41 (0.4%) |
| HS Graduate | 1,261 (12.8%) |
| Some College | 723 (7.4%) |
| Associates | 1,022 (10.4%) |
| Bachelors | 720 (7.3%) |
| Graduate Degree | 6,059 (61.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $171,875 ▲ 125% above avg |
|---|---|
| Median Home Value | $508,100 ▲ 82% above avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $2,322/mo |
| Total Housing Units | 5,503 |
| Vacant Units | 73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Market is a city in Maryland, located in Frederick County. The city spans 1 ZIP code and is home to approximately 16,515 residents. It is a relatively young city, with a median age of 35.8 years.
Economically, New Market is a affluent community. The median household income of $171,875 is more than double the national average. Approximately 2.1% of residents live below the poverty line. The unemployment rate is 1.7%, well below the national average.
The real estate market in New Market is a premium housing market. Median home values stand at $508,100, which is significantly above the national average. Renters typically pay around $2,322 per month. Homeownership is high at 93.3%, typical of suburban and family-oriented communities.
The population of New Market is highly educated. 69.0% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (78.34%).
New Market, MD offers residents above-average earning potential within Maryland.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 21774 | 16,515 | $171,875 | $508,100 | $2,322 | 1.7% | 69.0% | 93.3% |