Is New Market Township, MN growing?
New Market Township, MN had an estimated 3,556 (±18) residents in 2020–2024, against 3,706 in 2015–2019.
That is a change of −4.0%, a measurable decrease.
Its housing went from 1,289 to 1,259 homes (−2.3%), not a measurable change.
3.7% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 3,556 (±18)
- Amount of change
- −4.0%
- Homes change
- −2.3%
- Built 2020 or later
- 3.7%
Residents and homes in New Market Township, 2015–2019 and 2020–2024
| 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 |
| Households that rent | 2.8% (±2.5 points) | 2.0% (±2.4 points) | −0.8 percentage points | Not a measurable change |
| Median home value | $461,900 (±$14,169) | $595,300 (±$57,299) | +28.9% | No measurable change after inflation |
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.
Growth in New Market Township against Scott County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| New Market Township | −4.0% | Measurable decrease | −2.3% |
| Scott County | +6.4% | Measurable increase | +10.7% |
| Minnesota | +3.2% | Measurable increase | +4.4% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in New Market Township
| Year built | New Market Township | Scott County | Minnesota | United States |
|---|---|---|---|---|
| 2020 or later | 3.7% (±3.2 points) | 2.6% | 1.9% | 2.0% |
| 2010 to 2019 | 6.3% (±4.2 points) | 13.3% | 8.5% | 9.4% |
| 2000 to 2009 | 13.5% (±5.9 points) | 27.1% | 13.3% | 13.6% |
10.0% of the homes in New Market Township were built in 2010 or later.
The median age of residents is 46.1 years.
Growth in places near New Market Township
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| New Market Township | — | 3,556 | −4.0% | Measurable decrease |
| Elko New Market | 1.6 mi | 5,002 | +7.4% | Measurable increase |
| Cedar Lake Township | 5.8 mi | 3,061 | +2.4% | Measurable increase |
| Webster Township | 6.3 mi | 1,747 | −15.1% | Not a measurable change |
| Eureka Township | 6.5 mi | 1,178 | −18.6% | Measurable decrease |
| Lakeville | 7.6 mi | 74,354 | +16.3% | Measurable increase |
| Spring Lake Township | 7.8 mi | 3,478 | −8.0% | Measurable decrease |
| Greenvale Township | 7.9 mi | 825 | +4.3% | Not a measurable change |
| Lonsdale | 8.6 mi | 4,896 | +22.1% | Measurable increase |
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
Is New Market Township growing?
New Market Township, MN had an estimated 3,556 residents in 2020–2024 and 3,706 in 2015–2019, a change of −4.0%: a measurable decrease by the Census Bureau’s test.
How many homes have been added in New Market Township?
The estimated number of housing units went from 1,289 in 2015–2019 to 1,259 in 2020–2024 (−2.3%), not a measurable change.
How much new construction is there in New Market Township?
3.7% of homes in New Market Township were built in 2020 or later and 6.3% between 2010 and 2019.
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
- Total Population (B01003), 2015–2019 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Selected Housing Characteristics (DP04), 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
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Market township, Scott County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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 .
Related
- Housing in New Market Township at a glance
- Income and affordability in New Market Township
- Home values in New Market Township
- Homeowner costs in New Market Township
- Property taxes in New Market Township
- Types of homes in New Market Township
- Age of homes in New Market Township
- Heating fuel in New Market Township
- Commute and cars in New Market Township
- How long people stay in New Market Township
- Minnesota landlord and tenant rules
- Housing across Scott County
- Housing data for every place in Minnesota