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Affordable
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These days, finding an affordable place to live in the New Market area can be challenging. Home prices in New Market are now at a median cost of $260,890, higher than the Alabama average of $228,911.
The average cost of rent is $1,262/mo in New Market, primarily driven by the current value of real estate in the New Market area. In New Market, 16.47% of households rent, and 35.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $7,440 per month. Households that rent pay about 16.96% of their income on rent here. New Market’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Moores Mill, AL: equally priced homes
- Sulphur Springs, AL: less expensive homes
- Meridianville, AL: higher priced homes
- Skinem, AL: less expensive homes
- Plevna, AL: less expensive homes
- Hollytree, AL: less expensive homes
- Hazel Green, AL: less expensive homes
- Princeton, AL: less expensive homes
- Maysville, AL: higher priced homes
- Swaim, AL: less expensive homes
Cities with Similar Populations
- View Park-Windsor Hills, CA: higher priced homes
- East Bethel, MN: higher priced homes
- East Hampton, CT: higher priced homes
- East Hanover, NJ: higher priced homes
- Endwell, NY: less expensive homes
- Trenton, FL: less expensive homes
- Troutman, NC: higher priced homes
- Tuckahoe, NY: higher priced homes
- Urbana, MD: higher priced homes
- Valley Falls, RI: higher priced homes
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