New Market, PA
Population 826 · Pennsylvania
About New Market, PA
New Market is a small community located in Pennsylvania with a population of 826 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,364 per year, which is 45% below the national median of $75,149. The median age of 36.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Market features a median home value of $160,200, which is 35% below the national median of $244,900. This positions New Market in a moderately priced market relative to the rest of the country. Median monthly rent is $742, 36% below the national average of $1,163/month. Of the 406 total housing units, 24% are owner-occupied (95 units) and 76% are renter-occupied (305 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in New Market shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 23.4%, above the national average of 12.4%. Workers in New Market have an average one-way commute time of 22.1 minutes.
Education & Demographics
18.2% of New Market residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 4.8% Hispanic or Latino, 7.6% Black or African American, and 0.0% Asian residents, with 10.3% of the population being foreign-born.
Cost of Living in New Market, PA
Compared to national averages, New Market has a median household income of $41,364 (45% below the national median of $75,149). Home values average $160,200, which is 35% below the national median. Monthly rent at $742 is 36% below the US average of $1,163. Within Pennsylvania, New Market's income is 44% below the state average of $73,376, and home values are 16% below the state median of $190,903.
Why Live in New Market, PA?
New Market offers affordable housing with a median home value of $160,200, below the US average of $244,900, and rent that’s lower than the national average at $742/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($41,364) 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 826 with a median age of 36.4 years. Compare New Market with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near New Market
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montandon | 823 | $50,306 | $187,500 | Compare |
| Riegelsville | 823 | $92,917 | $317,500 | Compare |
| Saylorsburg | 823 | $87,731 | $211,400 | Compare |
| South Fork | 823 | $42,125 | $50,200 | Compare |
| Galeton | 822 | $67,521 | $107,800 | Compare |
| McAlisterville | 830 | $53,529 | $152,500 | Compare |
| Fawn Lake Forest | 820 | $87,609 | $227,200 | Compare |
| Friedensburg | 833 | $64,474 | $163,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Market With Other Cities
Frequently Asked Questions about New Market
What is the population of New Market, PA?
The population of New Market, PA is 826 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in New Market?
The median household income in New Market, PA is $41,364 per year, which is 45% below the national median of $75,149.
What is the median home value in New Market?
The median home value in New Market, PA is $160,200, which is 35% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in New Market?
The median monthly rent in New Market, PA is $742, which is 36% below the national average of $1,163/month.
What is the unemployment rate in New Market?
The unemployment rate in New Market, PA is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Market, PA a good place to live?
New Market offers a moderate cost of living, affordable housing, and a strong job market. With a population of 826 and a median age of 36.4, the city appeals to a broad range of residents.
How educated is New Market, PA?
18.2% of residents in New Market aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Market?
Key cost-of-living indicators for New Market, PA: median home value is $160,200 (35% below national), median rent is $742/month, and median household income is $41,364. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in New Market?
The poverty rate in New Market, PA is 23.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Market, PA?
New Market's population is 0.0% White, 4.8% Hispanic or Latino, 7.6% Black or African American, 0.0% Asian, and 17.9% two or more races. 10.3% of residents are foreign-born.