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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.

New Market, MD
Real Estate & Demographic Data






New Market profile


Living in New Market



New Market is a very small town located in the state of Maryland. With a population of 1,614 people and four associated neighborhoods, New Market is the 212th largest community in Maryland. New Market has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in New Market, where the median household income is $190,750.00.

New Market home prices are not only among the most expensive in Maryland, but New Market real estate also consistently ranks among the most expensive in America.

Also of interest is that New Market has more people living here who work in computers and math than 95% of the places in the US.

Of important note, New Market is also a town of artists. New Market has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Market’s character.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 19.95% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, New Market is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Market really has some of the features that families look for when choosing a good community to raise children. Is New Market perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in New Market is that it can take a long time to commute to work. In New Market, the average commute to work is 34.07 minutes, which is quite a bit higher than the national average.

If knowledge is power, New Market is a pretty powerful place. 67.97% of the adults in New Market have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in New Market in 2018 was $65,068, which is wealthy relative to Maryland and the nation. This equates to an annual income of $260,272 for a family of four.

New Market is a somewhat ethnically-diverse town. The people who call New Market home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Market residents report their race to be White, followed by Black or African-American. Important ancestries of people in New Market include Irish, German, Italian, English, and Norwegian.

The most common language spoken in New Market is English. Other important languages spoken here include Polish and Spanish.