Also See New Market, MD: ZIP Codes & Maps
The Town of New Market had a population of 1,598 as of July 1, 2023.
The primary coordinate point for New Market is located at latitude 39.3826 and longitude -77.2694 in Frederick County. The formal boundaries for the Town of New Market encompass a land area of 0.81 sq. miles and a water area of 0 sq. miles. Frederick County is in the Eastern time zone (GMT -5).
The Town of New Market 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.
The Town of New Market is located within District 9, New Market, a minor civil division (MCD) of Frederick County.
POPULATION | |
---|---|
Total Population | 1,598 (100%) |
Population in Households | 1,598 (100.0%) |
Population in Families | 1,441 (90.2%) |
Population in Group Quarters1 | 0 |
Population Density | 985 |
Diversity Index2 | 38 |
INCOME | |
Median Household Income | $148,501 |
Average Household Income | $153,637 |
% of Income for Mortgage4 | 22% |
Per Capita Income | $48,072 |
Wealth Index5 | 152 |
Socioeconomic Status Index6 | High (66.7) |
HOUSING | |
---|---|
Total HU (Housing Units) | 513 (100%) |
Owner Occupied HU | 457 (89.1%) |
Renter Occupied HU | 43 ( 8.4%) |
Vacant Housing Units | 13 ( 2.5%) |
Median Home Value | $532,715 |
Average Home Value | $530,306 |
Housing Affordability Index3 | 111 |
HOUSEHOLDS | |
Total Households | 500 |
Average Household Size | 3.20 |
Family Households | 427 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 1.45% | 1.03% |
Households | 1.66% | 1.51% |
Families | 1.10% | |
Median Household Income | 0.43% | |
Per Capita Income | 2.45% | |
Owner Occupied HU | 1.94% |
The table below compares New Market to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2023 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.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 301 | 44th |
Population Density | # 309 | 43rd |
Median Household Income | # 60 | 89th |
Housing Affordability Index | # 414 | 77th |
Per Capita Income | # 240 | 55th |
Diversity Index | # 323 | 40th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.
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