New Market, IA
Population 407 · Iowa
About New Market, IA
New Market is a small community in Iowa with a population of 407 residents. The median household income is $58,125 per year, which is near the national average. The median age in New Market is 48 years.
Housing in New Market has a median home value of $92,000 and median monthly rent of $827. Of the 229 total housing units, the majority are owner-occupied, with 148 owner-occupied and 48 renter-occupied units.
The unemployment rate in New Market is 2.5% and the poverty rate is 13.8%. 14.2% of residents hold a bachelor's degree or higher. The average commute time is 17.5 minutes.
Cost of Living in New Market, IA
Compared to national averages, New Market has a median household income of $58,125 (23% below the national median of $75,149). Home values average $92,000, which is 62% below the national median. Monthly rent at $827 is 29% below the US average of $1,163. Within Iowa, New Market's income is 14% below the state average of $67,947, and home values are 30% below the state median of $132,237.
Why Live in New Market, IA?
New Market offers affordable housing with a median home value of $92,000, below the US average of $244,900, and rent that’s lower than the national average at $827/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features short commute times averaging just 17.5 minutes.
Potential considerations include median household income ($58,125) 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 407 with a median age of 48 years. Compare New Market with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near New Market
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Riverdale | 408 | $88,500 | $270,000 | Compare |
| Calamus | 405 | $66,250 | $123,000 | Compare |
| Plymouth | 405 | $66,250 | $105,200 | Compare |
| Spillville | 409 | $42,750 | $156,600 | Compare |
| Lime Springs | 410 | $62,083 | $101,900 | Compare |
| Massena | 410 | $61,250 | $96,900 | Compare |
| Orient | 411 | $81,250 | $109,800 | Compare |
| Allerton | 413 | $45,417 | $85,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
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, IA?
The population of New Market, IA is 407 according to the latest Census data.
What is the median household income in New Market?
The median household income in New Market, IA is $58,125 per year.
What is the median home value in New Market?
The median home value in New Market, IA is $92,000.
What is the average rent in New Market?
The median monthly rent in New Market, IA is $827.
What is the unemployment rate in New Market?
The unemployment rate in New Market, IA is 2.5%.