New Market, AL
Population 1,296 · Alabama
About New Market, AL
New Market is a small community in Alabama with a population of 1,296 residents. The median household income is $71,083 per year, which is above the national average. The median age in New Market is 37.7 years.
Housing in New Market has a median home value of $113,400 and median monthly rent of $967. Of the 597 total housing units, the majority are owner-occupied, with 442 owner-occupied and 111 renter-occupied units.
The unemployment rate in New Market is 1.3% and the poverty rate is 6.4%. 19.0% of residents hold a bachelor's degree or higher. The average commute time is 28.4 minutes.
How New Market Ranks in Alabama
Cost of Living in New Market, AL
Compared to national averages, New Market has a median household income of $71,083 (5% below the national median of $75,149). Home values average $113,400, which is 54% below the national median. Monthly rent at $967 is 17% below the US average of $1,163. Within Alabama, New Market's income is 23% above the state average of $57,952, and home values are 29% below the state median of $159,358.
Why Live in New Market, AL?
New Market offers affordable housing with a median home value of $113,400, below the US average of $244,900, and rent that’s lower than the national average at $967/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 6.4%, better than the national average.
Potential considerations include median household income ($71,083) that falls below the national average. However, New Market’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Market has a population of 1,296 with a median age of 37.7 years. Compare New Market with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near New Market
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Steele | 1,293 | $70,000 | $101,700 | Compare |
| Woodstock | 1,282 | $71,154 | $190,700 | Compare |
| Locust Fork | 1,312 | $42,045 | $169,600 | Compare |
| Rock Creek | 1,313 | $80,063 | $156,900 | Compare |
| Magnolia Springs | 1,278 | $93,000 | $399,100 | Compare |
| Bear Creek | 1,317 | $36,250 | $95,300 | Compare |
| West Blocton | 1,320 | $37,537 | $107,400 | Compare |
| Susan Moore | 1,323 | $81,875 | $117,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Market
What is the population of New Market, AL?
The population of New Market, AL is 1,296 according to the latest Census data.
What is the median household income in New Market?
The median household income in New Market, AL is $71,083 per year.
What is the median home value in New Market?
The median home value in New Market, AL is $113,400.
What is the average rent in New Market?
The median monthly rent in New Market, AL is $967.
What is the unemployment rate in New Market?
The unemployment rate in New Market, AL is 1.3%.