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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 $558,523, higher than the Maryland average of $450,578.
The average cost of rent is $2,100/mo in New Market, primarily driven by the current value of real estate in the New Market area. In New Market, 5.05% of households rent, and 21.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $13,720 per month. Households that rent pay about 15.30% of their income on rent here. New Market’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linganore, MD: equally priced homes
- Monrovia, MD: higher priced homes
- Ijamsville, MD: higher priced homes
- Urbana, MD: higher priced homes
- Mount Airy, MD: equally priced homes
- Walkersville, MD: less expensive homes
- Oldfield, MD: less expensive homes
- Frederick, MD: less expensive homes
- Ballenger Creek, MD: less expensive homes
- Damascus, MD: equally priced homes
Cities with Similar Populations
- Brookland, AR: less expensive homes
- Butler, KY: less expensive homes
- Bush, LA: less expensive homes
- Burns, TN: less expensive homes
- West Newton, PA: less expensive homes
- Buffalo, MO: less expensive homes
- Buena Vista, CO: higher priced homes
- Bruceton Mills, WV: less expensive homes
- Westmere, NY: less expensive homes
- Calistoga, CA: higher priced homes
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