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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 $247,361, higher than the Indiana average of $232,932.
The average cost of rent is $889/mo in New Market, primarily driven by the current value of real estate in the New Market area. In New Market, 8.76% of households rent, and 27.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $8,169 per month. Households that rent pay about 10.88% of their income on rent here. New Market’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whitesville, IN: equally priced homes
- Parkersburg, IN: equally priced homes
- Yountsville, IN: less expensive homes
- Crawfordsville, IN: less expensive homes
- Deer Mill, IN: less expensive homes
- Alamo, IN: less expensive homes
- Linnsburg, IN: less expensive homes
- Ladoga, IN: less expensive homes
- Mace, IN: less expensive homes
- Russellville, IN: equally priced homes
Cities with Similar Populations
- Lawai, HI: higher priced homes
- Sheffield, IA: less expensive homes
- Scandinavia, WI: equally priced homes
- Santa Clara Pueblo, NM: less expensive homes
- Salisbury, VT: higher priced homes
- Sageeyah, OK: equally priced homes
- Roxie, MS: less expensive homes
- Posen, MI: less expensive homes
- Madison, NH: higher priced homes
- Allensville, PA: less expensive homes
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