Living in New Market, Iowa
Cost of living, income, home prices, rent and demographics of New Market · Census data 2020–2024
New Market has 397 residents with a median age of 52.6. The median household income is $50,000 (33% lower than the Iowa median), the median home value is $102,700, the median rent is $832/month.
New Market is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Market at a glance
- Population
- 397
- Median age
- 52.6State: 38.6
- Median household income
- $50,000State: $75,059
- Median home value
- $102,700State: $208,000
- Median rent
- $832/moState: $972
- Homeowners
- 78.7%
- Bachelor's degree or higher
- 11.1%
- Average commute
- 15 min
Is New Market a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 15 minutes; unemployment of 2.8%.
Cons: Median household income 33% lower than the Iowa median; a poverty rate of 17.9%.
The weather is best in May–June and August–September.
Cost of living in New Market
Housing is the biggest part of the cost of living. In New Market the median home value is $102,700, 69% lower than the U.S. median. Renters pay a median of $832 per month, which is 25.6% of household income. Homeowners with a mortgage pay $860 a month in housing costs.
New Market median household income
The median household income in New Market is $50,000 and the income per person is $33,252. 17.9% of residents live below the poverty line (Iowa: 11.1%).
Housing in New Market: homes for sale and rent
- Housing units
- 218
- Owner-occupied
- 78.7%
- Renter-occupied
- 21.3%
- Vacant
- 13.8%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.11
New Market demographics
- Population
- 397
- Median age
- 52.6
- Under 18
- 17.1%
- 65 and older
- 26.4%
- Households
- 188
- Foreign-born
- 2.5%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of New Market ›
Education in New Market
11.1% of adults 25 and older in New Market have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in New Market
- Unemployment rate
- 2.8%State: 3.6%
- Average commute
- 15 minState: 20 min
- Work from home
- 4.6%
- Drive alone
- 78.6%
- Public transit
- 0%
- Walk to work
- 6.1%
- Homes with broadband
- 84%
New Market vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Market | 397 | $50,000 | $102,700 | $832 |
| Clarinda | 5,353 | $46,348 | $114,200 | $660 |
| Gravity | 128 | $54,500 | $50,600 | $888 |
| Shambaugh | 113 | $70,250 | $66,100 | $1,063 |
| Bedford | 1,336 | $60,781 | $96,800 | $764 |
| Braddyville | 173 | $58,438 | $80,000 | $1,014 |
| Hopkins | 388 | $37,500 | $56,500 | $900 |
| College Springs | 171 | $72,888 | $76,300 | — |
| Villisca | 1,048 | $60,465 | $77,000 | $714 |
More for people moving to New Market
New Market ZIP code ›Weather and climate ›Living in New Market: FAQ
What is the median household income in New Market, IA?
The median household income in New Market is $50,000, 33% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Market?
The median home value in New Market is $102,700, compared with $208,000 in Iowa.
How much is rent in New Market?
The median gross rent in New Market is $832 per month, about 25.6% of household income.
Is New Market, IA a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 15 minutes; unemployment of 2.8%. Minuses: median household income 33% lower than the Iowa median; a poverty rate of 17.9%.
What is the median age in New Market?
The median age in New Market is 52.6 years (Iowa: 38.6).
How long is the commute in New Market?
The average commute to work in New Market is 15 minutes; 4.6% of workers work from home.
What is the unemployment rate in New Market?
The unemployment rate in New Market is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Market?
11.1% of adults in New Market have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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