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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 $157,609, lower than the Iowa average of $226,062.
The average cost of rent is $796/mo in New Market, primarily driven by the current value of real estate in the New Market area. In New Market, 17.41% of households rent, and 54.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $6,201 per month. Households that rent pay about 12.84% of their income on rent here. New Market’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hawleyville, IA: higher priced homes
- Siam, IA: higher priced homes
- Gravity, IA: higher priced homes
- Clarinda, IA: less expensive homes
- Shambaugh, IA: higher priced homes
- Bedford, IA: less expensive homes
- Hepburn, IA: higher priced homes
- Braddyville, IA: less expensive homes
- Hopkins, MO: less expensive homes
- Sharpsburg, IA: equally priced homes
Cities with Similar Populations
- Ariel, WA: higher priced homes
- Batesland, SD: less expensive homes
- Barrett, MN: higher priced homes
- Barco, NC: higher priced homes
- Barbours Creek, VA: less expensive homes
- Bannister, MI: equally priced homes
- Bankston, AL: less expensive homes
- Balsam Grove, NC: higher priced homes
- Baldwin, ND: higher priced homes
- Avon, AL: higher priced homes
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