Maryland · Census place 55650
New Market town, MD
Quick answer
New Market town has 1,588 residents, ranking #299 of 536 places in Maryland. Median household income is $198,080, the median home is worth $607,700 and median gross rent runs $1,694 a month.
- Population
- 1,588New Market town residents
- Median household income
- $198,080Past 12 months, inflation adjusted
- Median home value
- $607,700Owner-occupied units
- Median gross rent
- $1,694Rent plus utilities, monthly
- Median age
- 34 yrsAll residents
- Homeownership rate
- 96.4%Owner-occupied households
What the numbers mean in New Market town
Housing cost measured against local earnings.
A household earning the New Market town median would spend about 10.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 0.9% of residents and 96.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Maryland.
- Ridgely town 1,685
- Wilson-Conococheague CDP 1,614
- Naval Academy CDP 1,592
- Colmar Manor town 1,579
- Mechanicsville CDP 1,521
- Charlotte Hall CDP 1,448
- Spencerville CDP 1,433
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