East New Market, MD Profile: Facts & Data

The primary coordinate point for East New Market is located at latitude 38.599 and longitude -75.926 in Dorchester County. The formal boundaries for the Town of East New Market encompass a land area of 0.4 sq. miles and a water area of 0 sq. miles. Dorchester County is in the Eastern time zone (GMT -5). The elevation is 39 feet.

The Town of East New Market (GNIS ID: 2390157) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for East New Market: Crossroads, East Newmarket, New Market, Newmarket.

East New Market, MD Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	418 (100%)
Population in Households	418 (100.0%)
Population in Families	344 (82.3%)
Population in Group Quarters¹	0
Population Density	1,046
Diversity Index²	42


INCOME
Median Household Income	$60,526
Average Household Income	$70,550
% of Income for Mortgage⁴	12%
Per Capita Income	$26,887
Wealth Index⁵	59

HOUSING
Total HU (Housing Units)	204 (100%)
Owner Occupied HU	131 (64.2%)
Renter Occupied HU	43 (21.1%)
Vacant Housing Units	30 (14.7%)
Median Home Value	$166,026
Average Home Value	$178,383
Housing Affordability Index³	233

HOUSEHOLDS
Total Households	174
Average Household Size	2.4
Family Households	122
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

East New Market, MD - Peer Comparisons by Rank and Percentile

The table below compares East New Market to the other 518 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.43%	-0.14%
Households	0.28%	-0.12%
Families	2.06%	-0.16%
Median Household Income		2.42%
Per Capita Income		2.11%
Owner Occupied HU		0.0%

Variable Description	Rank	Percentile
Total Population	# 386	26th
Population Density	# 292	44th
Median Household Income	# 371	29th
Housing Affordability Index	# 496	96th
Per Capita Income	# 417	20th
Diversity Index	# 233	55th

East New Market, MD Profile: Facts & Data

East New Market, Maryland - Basic Facts

East New Market, MD Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

East New Market, MD - Peer Comparisons by Rank and Percentile

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