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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 $214,148, lower than the Tennessee average of $315,131.
The average cost of rent is $879/mo in New Market, primarily driven by the current value of real estate in the New Market area. In New Market, 19.66% of households rent, and 48.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $6,086 per month. Households that rent pay about 14.45% of their income on rent here. New Market’s most expensive areas are in the eastern 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
- Friends Station, TN: less expensive homes
- Jefferson City, TN: equally priced homes
- Mill Spring, TN: less expensive homes
- Perrin Hollow, TN: equally priced homes
- Fairview Heights, TN: higher priced homes
- Strawberry Plains, TN: equally priced homes
- Richland, TN: higher priced homes
- Kodak, TN: higher priced homes
- Blaine, TN: higher priced homes
- Dandridge, TN: higher priced homes
Cities with Similar Populations
- Country Club Estates, GA: less expensive homes
- Crystal City, TX: less expensive homes
- Crosswicks, NJ: higher priced homes
- Cross City, FL: less expensive homes
- Crookston, MN: less expensive homes
- Crockett, TX: less expensive homes
- Crete, NE: equally priced homes
- Crestwood Village, NJ: less expensive homes
- Creston, IA: less expensive homes
- Cowpens, SC: less expensive homes
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