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ZipNumbers

Tennessee · Census place 52940

New Market town, TN

Quick answer

New Market town has 1,789 residents, ranking #236 of 504 places in Tennessee. Median household income is $70,913, the median home is worth $166,400 and median gross rent runs $946 a month.

Population
1,789New Market town residents
Median household income
$70,913Past 12 months, inflation adjusted
Median home value
$166,400Owner-occupied units
Median gross rent
$946Rent plus utilities, monthly
Median age
41.8 yrsAll residents
Homeownership rate
74.6%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 16% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.2% of residents and 74.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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