New Market, MD population, income and ZIP codes

New Market town is a small town in Maryland, with 1,588 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #299 of 536 ranked by population — larger than 44% of them. The median age here is 34 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in New Market town earn a median of $198,080 a year, 152.2% above the national figure of $78,538 and 82% above the $109,026 median for the 332 Maryland cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 0.9% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in New Market town is valued at $607,700, 100.3% above the national figure and 53% above the $397,200 peer median, while median gross rent runs $1,694 a month, 20.5% above the national figure, or roughly $20,328 across a full year. A household on the local median income would put about 10.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.1×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 96.4% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.