Housing data for New Market Township, MN
New Market Township, MN has an estimated 3,556 residents and 1,259 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Scott County.
2.0% of households rent.
The median gross rent is $1,891 a month.
Its population shrank measurably since 2015–2019 (−4.0%).
Figures last updated on .
- Residents
- 3,556 (±18)
- Housing units
- 1,259 (±111)
- Households that rent
- 2.0%
- Median gross rent
- $1,891
- Residents since 2015–2019
- −4.0%
What stands out in New Market Township
Households that rent: 2.0% (±2.4 points) in New Market Township, lower than in Scott County (16.2%).
Homes in buildings of 5 or more units: 0.0% (±3.1 points) in New Market Township, lower than in Scott County (9.9%).
Homes built before 1980: 42.4% (±12.6 points) in New Market Township, higher than in Scott County (23.2%).
Median home value: $595,300 (±$57,299) in New Market Township, higher than in Scott County ($419,400).
- Types of homes in New Market Township
- Age of homes in New Market Township
- Home values in New Market Township
Housing in New Market Township at a glance
- Median rent: $1,891 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 0.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 2.0% of households rent (Small sample: wide margin of error)
- Income and affordability: $130,231 median household income
- Home values: $595,300 median home value
- Homeowner costs: $2,644 median monthly cost with a mortgage
- Property taxes: $5,003 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 89.3% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 42.4% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 70.9% heat with utility gas
- Commute and cars: 25.8 minutes average trip to work
- Growth: −4.0% residents since 2015–2019
- How long people stay: 14.8% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
New Market Township against Scott County, its state and the nation
| New Market Township | Scott County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 3,556 (±18) | 154,557 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 1,259 (±111) | 56,671 (±53) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 2.0% (±2.4 points) | 16.2% (±1.1 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,891 (±$769) | $1,568 (±$61) | $1,280 (±$7) | $1,413 |
| Median household income | $130,231 (±$16,014) | $119,314 (±$3,959) | $89,062 (±$409) | $80,734 |
| Median home value | $595,300 (±$57,299) | $419,400 (±$8,137) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $5,003 (±$488) | $4,230 (±$70) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 42.4% (±12.6 points) | 23.2% (±1.6 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 25.8 minutes (±2.7) | 24.8 minutes (±0.6) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.5% (±9.1 points) | 95.0% (±0.6 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 46.1 years (±7.1) | 37.8 years (±0.3) | 38.8 years (±0.1) | 38.9 years |
New Market Township covers 32.0 square miles of land, about 111 residents per square mile (Census Bureau Gazetteer).
How New Market Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 3,706 (±23) | 3,556 (±18) | −4.0% | Measurable decrease |
| Housing units | 1,289 (±96) | 1,259 (±111) | −2.3% | Not a measurable change |
| Median home value | $461,900 (±$14,169) | $595,300 (±$57,299) | +28.9% | No measurable change after inflation |
| Median household income | $120,750 (±$19,512) | $130,231 (±$16,014) | +7.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,560 (±$160) | $2,644 (±$276) | +3.3% | Down after inflation |
| Median real estate taxes | $4,660 (±$238) | $5,003 (±$488) | +7.4% | Down after inflation |
| Households that rent | 2.8% (±2.5 points) | 2.0% (±2.4 points) | −0.8 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±36.1 points) | 0.0% (±49.4 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Scott County
New Market Township has no police department of its own in the FBI’s figures, so this is the figure for Scott County as a whole.
In 2025, the police departments that report for Scott County recorded 83 violent and 763 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in New Market Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 55020 | 52% | 4,115 | — | $455,500 | $131,071 |
| 55044 | 27% | 64,762 | $1,826 | $488,600 | $141,551 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near New Market Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Elko New Market | 1.6 mi | $2,200 | $433,100 | 4.5% |
| Credit River | 5.7 mi | — | $595,000 | 2.5% |
| Cedar Lake Township | 5.8 mi | — | $543,100 | 1.2% |
| Webster Township | 6.3 mi | — | $464,100 | 1.3% |
| Eureka Township | 6.5 mi | $1,643 | $480,400 | 6.9% |
| Lakeville | 7.6 mi | $1,806 | $452,500 | 12.2% |
| Spring Lake Township | 7.8 mi | $2,197 | $629,600 | 8.3% |
| Greenvale Township | 7.9 mi | — | $494,900 | 12.6% |
Places in Minnesota most like New Market Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Denmark Township | $1,844 | $637,500 | $148,269 | 4.2% |
| Belle Plaine Township | $1,700 | $562,000 | $125,000 | 6.6% |
| Mantorville Township | $1,625 | $453,000 | $122,436 | 6.2% |
| Spring Lake Township | $2,197 | $629,600 | $146,953 | 8.3% |
| Grant | $2,195 | $683,400 | $150,875 | 5.1% |
| Afton | $2,333 | $679,300 | $133,305 | 1.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for New Market Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
HUD income limits for New Market Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $27,650 | $46,050 | $73,650 |
| 2 people | $31,600 | $52,600 | $84,200 |
| 3 people | $35,550 | $59,200 | $94,700 |
| 4 people | $39,450 | $65,750 | $105,200 |
| 5 people | $42,650 | $71,050 | $113,650 |
| 6 people | $45,800 | $76,300 | $122,050 |
| 7 people | $50,040 | $81,550 | $130,450 |
| 8 people | $55,720 | $86,800 | $138,900 |
These are the limits HUD sets for its housing programs in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $131,500.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Market Township
What is the median household income in New Market Township?
The median household income in New Market Township is $130,231 (±$16,014) a year (2020–2024 American Community Survey).
What is the average home value in New Market Township, MN?
The Census Bureau publishes the median: $595,300 (±$57,299) for owner-occupied homes in New Market Township (2020–2024 American Community Survey).
What is the average mortgage payment in New Market Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Market Township, MN is $2,644 (±$276) a month, including taxes, insurance and utilities.
How much are property taxes in New Market Township?
The median real estate tax paid by homeowners in New Market Township, MN is $5,003 (±$488) a year (2020–2024 American Community Survey).
How many homes are in New Market Township?
New Market Township, MN has an estimated 1,259 (±111) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in New Market Township?
42.4% of homes in New Market Township, MN were built before 1980 (2020–2024 American Community Survey).
Is New Market Township growing?
In New Market Township, the number of residents went from 3,706 in 2015–2019 to 3,556 in 2020–2024 (−4.0%), a measurable decrease.
What ZIP codes are in New Market Township?
The ZIP codes that cover New Market Township are 55020, 55044.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Market township, Scott County, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for New Market township, Scott County, Minnesota (county subdivision:45754, in state:27 county:139).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .