New Market is a tiny town located in the state of Maryland. With a population of 693 people and two constituent neighborhoods, New Market is the 241st largest community in Maryland. Much of the housing stock in New Market was built relatively recently. The construction of new real estate can often be taken as an indication that the local New Market economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New Market, where the median household income is $100,208.
Housing costs in New Market are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Maryland.
New Market is a decidedly white-collar town, with fully 85.83% of the workforce employed in white-collar jobs, well above the national average. Overall, New Market is a town of professionals, managers and sales and office workers. There are especially a lot of people living in New Market who work in management occupations (17.91%), office and administrative support (13.90%) and teaching (10.70%).
Also of interest is that New Market has more people living here who work in computers and math than 95% of the places in the US.
In addition, New Market is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, New Market is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Market really has some of the features that families look for when choosing a good community to raise children. Is New Market perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One downside of living in New Market is that it can take a long time to commute to work. In New Market, the average commute to work is 35.88 minutes, which is quite a bit higher than the national average.
If knowledge is power, New Market is a pretty powerful place. 51.49% of the adults in New Market have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in New Market in 2010 was $38,314, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $153,256 for a family of four.
The people who call New Market home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Market residents report their race to be White, followed by Asian. Important ancestries of people in New Market include German, Irish, English, Italian, French and European.
The most common language spoken in New Market is English. Some people also speak Gujarathi.
|NEW MARKET INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||253|
|NEW MARKET HOME OWNERSHIP|
|% OWNER OCCUPIED||83.79%|
|% RENTER OCCUPIED||16.21%|
|TYPE OF NEW MARKET HOMES|
|SINGLE FAMILY DETACHED||95.09%|
|ROWHOUSES AND ATTACHED HOMES||4.15%|
|SMALL APARTMENT BUILDINGS||0.76%|
|COMPLEXES OR HIGH RISE APARTMENTS||0.00%|
|SIZE OF NEW MARKET HOMES|
|5 OR MORE BEDROOMS||13.96%|
|AGE OF NEW MARKET HOMES|
|NEWER HOMES (2000 OR LATER)||40.00%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||30.57%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||12.08%|
|HISTORIC (1939 OR BEFORE)||17.36%|
|NEW MARKET REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$380,754|
|MEDIAN RENTAL PRICE||$946|
|HOME VALUE RANGE|
|$0 - $55,000||0.94%|
|$55,001 - $109,000||0.00%|
|$109,001 - $218,000||5.19%|
|$218,001 - $327,000||34.91%|
|$327,001 - $436,000||18.40%|
|$436,001 - $545,000||28.30%|
|$545,001 - $818,000||12.26%|
|$818,001 - $1,090,000||0.00%|
|PEOPLE OF NEW MARKET||DETAILS|
|UNDER 5 YEARS||9.16%|
|5 TO 17||20.60%|
|18 TO 24||7.73%|
|25 TO 34||7.01%|
|35 TO 54||32.33%|
|55 TO 64||14.59%|
|65 YEARS AND OVER||8.58%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.03%|
|MEDIAN HOUSEHOLD INCOME||$100,208|
|PER CAPITA INCOME||$38,314|
|INDIVIDUALS BELOW POVERTY LEVEL||3.88%|
|INDUSTRIES PEOPLE WORK IN||Retail (15.78%)
Public Service (12.83%)
Professional, scientific, and technical services (8.56%)
Information Technology (3.48%)
|BLACK OR AFRICAN AMERICAN||1.57%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.14%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||2.86%|
|TWO OR MORE RACES||1.43%|
|HISPANIC OR LATINO (OF ANY RACE)||4.86%|
|ETHNICITIES PRESENT||German (27.90%)
|LANGUAGES SPOKEN||English (92.60%)
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