New Market, VA
Population 2,159 · Virginia
About New Market, VA
New Market is a small community in Virginia with a population of 2,159 residents. The median household income is $47,967 per year, which is below the national average. The median age in New Market is 48.4 years.
Housing in New Market has a median home value of $247,400 and median monthly rent of $745. Of the 1,087 total housing units, renting is more common than owning, with 406 owner-occupied and 585 renter-occupied units.
The unemployment rate in New Market is 5.7% and the poverty rate is 12.3%. 20.2% of residents hold a bachelor's degree or higher. The average commute time is 23.6 minutes.
Cost of Living in New Market, VA
Compared to national averages, New Market has a median household income of $47,967 (36% below the national median of $75,149). Home values average $247,400, which is 1% above the national median. Monthly rent at $745 is 36% below the US average of $1,163. Within Virginia, New Market's income is 45% below the state average of $87,957, and home values are 24% below the state median of $327,514.
Why Live in New Market, VA?
New Market offers rent that’s lower than the national average at $745/month, and a low poverty rate of 12.3%, better than the national average, and short commute times averaging just 23.6 minutes.
Potential considerations include median household income ($47,967) 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 2,159 with a median age of 48.4 years. Compare New Market with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near New Market
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Horse Pasture | 2,193 | $57,637 | $119,200 | Compare |
| Amherst | 2,124 | $71,313 | $213,300 | Compare |
| Massanutten | 2,215 | $106,944 | $368,700 | Compare |
| Glade Spring | 2,224 | $76,736 | $170,700 | Compare |
| Patrick Springs | 2,094 | $41,532 | $104,700 | Compare |
| Southern Gateway | 2,224 | $94,383 | $246,300 | Compare |
| Appomattox | 2,085 | $47,795 | $124,700 | Compare |
| Weyers Cave | 2,243 | $66,882 | $280,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
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, VA?
The population of New Market, VA is 2,159 according to the latest Census data.
What is the median household income in New Market?
The median household income in New Market, VA is $47,967 per year.
What is the median home value in New Market?
The median home value in New Market, VA is $247,400.
What is the average rent in New Market?
The median monthly rent in New Market, VA is $745.
What is the unemployment rate in New Market?
The unemployment rate in New Market, VA is 5.7%.