Virginia · Census place 55848
New Market town, VA
Quick answer
New Market town has 2,159 residents, ranking #276 of 688 places in Virginia. Median household income is $47,967, the median home is worth $247,400 and median gross rent runs $745 a month.
- Population
- 2,159New Market town residents
- Median household income
- $47,967Past 12 months, inflation adjusted
- Median home value
- $247,400Owner-occupied units
- Median gross rent
- $745Rent plus utilities, monthly
- Median age
- 48.4 yrsAll residents
- Homeownership rate
- 41%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 18.6% 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 5.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.3% of residents and 41% 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 Virginia.
- Southern Gateway CDP 2,224
- Massanutten CDP 2,215
- Horse Pasture CDP 2,193
- Amherst town 2,124
- Patrick Springs CDP 2,094
- Appomattox town 2,085
- Prince George CDP 2,066
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