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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 $178,848, lower than the North Carolina average of $323,314.
The average cost of rent is $865/mo in New Market, primarily driven by the current value of real estate in the New Market area. In New Market, 18.18% of households rent, and 46.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $6,409 per month. Households that rent pay about 13.49% of their income on rent here. New Market’s most expensive areas are in the western 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
- Sophia, NC: equally priced homes
- Randleman, NC: higher priced homes
- Archdale, NC: higher priced homes
- Trinity, NC: higher priced homes
- North Asheboro, NC: higher priced homes
- Pleasant Garden, NC: higher priced homes
- Grays Chapel, NC: higher priced homes
- Franklinville, NC: equally priced homes
- Flint Hill, NC: higher priced homes
- Climax, NC: higher priced homes
Cities with Similar Populations
- Fayette Corners, TN: less expensive homes
- Suwanee, KY: less expensive homes
- Sutherland, MO: higher priced homes
- Sunbeam, IL: less expensive homes
- Sumatra, MT: higher priced homes
- Freedleyville, VT: higher priced homes
- Francisco, NC: higher priced homes
- Fosters Falls, VA: higher priced homes
- Fosheeton, AL: higher priced homes
- Fort Indiantown Gap, PA: higher priced homes
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