New Market, TN
Population 1,789 · Tennessee
About New Market, TN
New Market is a small community in Tennessee with a population of 1,789 residents. The median household income is $70,913 per year, which is above the national average. The median age in New Market is 41.8 years.
Housing in New Market has a median home value of $166,400 and median monthly rent of $946. Of the 650 total housing units, the majority are owner-occupied, with 456 owner-occupied and 155 renter-occupied units.
The unemployment rate in New Market is 1.9% and the poverty rate is 5.2%. 25.5% of residents hold a bachelor's degree or higher. The average commute time is 25.3 minutes.
Cost of Living in New Market, TN
Compared to national averages, New Market has a median household income of $70,913 (6% below the national median of $75,149). Home values average $166,400, which is 32% below the national median. Monthly rent at $946 is 19% below the US average of $1,163. Within Tennessee, New Market's income is 13% above the state average of $62,849, and home values are 22% below the state median of $214,371.
Why Live in New Market, TN?
New Market offers affordable housing with a median home value of $166,400, below the US average of $244,900, and rent that’s lower than the national average at $946/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 5.2%, better than the national average.
Potential considerations include median household income ($70,913) 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 1,789 with a median age of 41.8 years. Compare New Market with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near New Market
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Celina | 1,782 | $33,430 | $167,600 | Compare |
| Mowbray Mountain | 1,797 | $96,607 | $365,600 | Compare |
| Cowan | 1,777 | $37,295 | $122,500 | Compare |
| Cross Plains | 1,809 | $72,734 | $295,000 | Compare |
| McEwen | 1,814 | $71,563 | $152,700 | Compare |
| Walden | 1,762 | $135,000 | $600,900 | Compare |
| Monteagle | 1,818 | $53,005 | $299,400 | Compare |
| Jellico | 1,821 | $41,111 | $143,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of New Market, TN is 1,789 according to the latest Census data.
What is the median household income in New Market?
The median household income in New Market, TN is $70,913 per year.
What is the median home value in New Market?
The median home value in New Market, TN is $166,400.
What is the average rent in New Market?
The median monthly rent in New Market, TN is $946.
What is the unemployment rate in New Market?
The unemployment rate in New Market, TN is 1.9%.