Tennessee · Census place 52940
New Market, TN population, income and ZIP codes
Quick answer
The population of the city of New Market, Tennessee (New Market, TN — Census place “New Market town”) is 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. Looking for the New Market Tennessee ZIP code list? 1 ZIP codes serve New Market, TN: 37820.
- 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
New Market ZIP codes (Tennessee)
Census ZCTAs whose delivery area overlaps New Market.
The New Market TN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
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
New Market town, TN in context
How this area compares with national benchmarks.
New Market town is a small town in Tennessee, with 1,789 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #236 of 504 ranked by population — larger than 53% of them. The median age here is 41.8 years against 39.1 nationally, a slightly older 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 $70,913 a year, 9.7% below the national figure of $78,538 and 27% above the $55,988 median for the 307 Tennessee 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 5.2% of residents here, less than half the 12.4% national rate.
The typical owner-occupied home in New Market town is valued at $166,400, 45.2% below the national figure and 13% below the $191,100 peer median, while median gross rent runs $946 a month, 32.7% below the national figure, or roughly $11,352 across a full year. A household on the local median income would put about 16% 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 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 74.6% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. 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.
Compare with nearby places
Places of similar size in Tennessee.
- Celina city 1,782
- Mowbray Mountain CDP 1,797
- Cowan city 1,777
- Cross Plains city 1,809
- Walden town 1,762
- McEwen city 1,814
- Loretto city 1,757
- Monteagle town 1,818
Keep going
More Tennessee coverage.
Frequently asked questions
Common questions about this area.
- What is the population of New Market town?
- New Market town has 1,789 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #236 of 504 in Tennessee.
- What is the median household income in New Market town?
- Median household income in New Market town is $70,913 a year, 9.7% below the national figure of $78,538.
- How much does it cost to rent or buy in New Market town?
- Median gross rent is $946 a month and the median home value is $166,400, so rent absorbs about 16% of median household income.
- Is New Market town affordable compared with the rest of the US?
- Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so New Market town is more affordable to buy in than the typical US market, and rent takes 16% of median income against the 30% cost-burden line.
- How current is this New Market town data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. 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.