Housing data for New Market, VA
New Market, VA has an estimated 2,342 residents and 1,144 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Shenandoah County.
57.1% of households rent.
The median gross rent is $919 a month.
Figures last updated on .
- Residents
- 2,342 (±460)
- Housing units
- 1,144 (±224)
- Households that rent
- 57.1%
- Median gross rent
- $919
- Residents since 2015–2019
- +7.4%
What stands out in New Market
Households that rent: 57.1% (±10.6 points) in New Market, higher than in Shenandoah County (26.7%).
Homes in buildings of 5 or more units: 20.5% (±10.0 points) in New Market, higher than in Shenandoah County (9.3%).
Homes heated by fuel oil: 1.2% (±1.3 points) in New Market, lower than in Shenandoah County (10.9%).
Households that moved in since 2020: 35.5% (±11.5 points) in New Market, higher than in Shenandoah County (19.8%).
- Renters and owners in New Market
- Types of homes in New Market
- Heating fuel in New Market
- How long people stay in New Market
Housing in New Market at a glance
- Median rent: $919 median gross rent a month
- Rent by bedrooms: $978 median gross rent, 2 bedrooms
- Rent burden: 37.2% of renters pay 30% or more of income
- Renters and owners: 57.1% of households rent
- Income and affordability: $51,410 median household income
- Home values: $272,900 median home value
- Homeowner costs: $1,299 median monthly cost with a mortgage
- Property taxes: $1,649 median real estate taxes a year
- Types of homes: 20.5% of homes are in buildings of 5 or more units
- Bedrooms: 36.8% of homes have 3 or more bedrooms
- Age of homes: 44.3% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 74.0% heat with electricity
- Commute and cars: 23.5 minutes average trip to work
- Crime reported to police: 90 violent crimes per 100,000 residents
- Growth: +7.4% residents since 2015–2019
- How long people stay: 35.5% moved in since 2020
- Crowding and facilities: 1.0% of homes have more than 1 person per room (Small sample: wide margin of error)
New Market against Shenandoah County, its state and the nation
| New Market | Shenandoah County | Virginia | United States | |
|---|---|---|---|---|
| Residents | 2,342 (±460) | 44,925 (exact) | 8,705,170 (exact) | 334,922,499 |
| Housing units | 1,144 (±224) | 21,395 (±38) | 3,684,756 (±486) | 143,775,355 |
| Households that rent | 57.1% (±10.6 points) | 26.7% (±2.5 points) | 32.7% (±0.3 points) | 34.8% |
| Median gross rent | $919 (±$225) | $984 (±$31) | $1,579 (±$8) | $1,413 |
| Median household income | $51,410 (±$4,702) | $67,191 (±$6,235) | $93,170 (±$458) | $80,734 |
| Median home value | $272,900 (±$42,787) | $294,900 (±$11,048) | $383,700 (±$1,024) | $332,700 |
| Median real estate taxes (a year) | $1,649 (±$334) | $1,528 (±$69) | $2,790 (±$10) | $3,119 |
| Built before 1980 | 44.3% (±13.2 points) | 46.3% (±3.3 points) | 43.5% (±0.2 points) | 49.7% |
| Average commute | 23.5 minutes (±3.4) | 28.5 minutes (±1.2) | 27.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 89.4% (±8.4 points) | 86.5% (±1.6 points) | 91.0% (±0.1 points) | 91.0% |
| Median age of residents | 49.8 years (±10.2) | 42.9 years (±0.4) | 39.0 years (±0.1) | 38.9 years |
New Market covers 2.0 square miles of land, about 1,159 residents per square mile (Census Bureau Gazetteer).
How New Market has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,180 (±328) | 2,342 (±460) | +7.4% | Not a measurable change |
| Housing units | 995 (±116) | 1,144 (±224) | +15.0% | Not a measurable change |
| Median gross rent | $725 (±$123) | $919 (±$225) | +26.8% | No measurable change after inflation |
| Median home value | $233,300 (±$29,347) | $272,900 (±$42,787) | +17.0% | No measurable change after inflation |
| Median household income | $41,892 (±$5,438) | $51,410 (±$4,702) | +22.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,348 (±$150) | $1,299 (±$274) | −3.6% | Down after inflation |
| Median real estate taxes | $1,393 (±$177) | $1,649 (±$334) | +18.4% | No measurable change after inflation |
| Households that rent | 60.0% (±6.7 points) | 57.1% (±10.6 points) | −2.9 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±5.9 points) | 0.0% (±6.3 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 New Market
In 2025, the New Market Police Department reported 90 violent and 1,084 property crimes per 100,000 residents to the FBI.
Across Shenandoah County, the departments that report recorded 198 violent and 750 property crimes per 100,000 residents that year.
Places near New Market
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Timberville | 5.6 mi | $970 | $231,000 | 43.0% |
| Mount Jackson | 6.6 mi | $984 | $193,000 | 29.8% |
| Broadway | 7.5 mi | $1,095 | $284,300 | 35.6% |
| Stanley | 10 mi | $841 | $211,000 | 40.5% |
| Shenandoah | 11 mi | $1,093 | $212,600 | 23.6% |
| Luray | 12 mi | $892 | $253,900 | 34.8% |
| Basye | 13 mi | $1,033 | $297,300 | 12.7% |
| Edinburg | 14 mi | $1,033 | $231,500 | 40.8% |
Places in Virginia most like New Market
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Bellwood | $1,059 | $225,300 | $47,781 | 56.1% |
| Courtland | $1,068 | $235,600 | $60,673 | 49.1% |
| Ashland | $1,229 | $293,200 | $61,164 | 44.2% |
| Franklin | $988 | $256,600 | $63,245 | 46.1% |
| Woodstock | $1,005 | $268,700 | $76,100 | 54.6% |
| Orange | $1,103 | $273,300 | $76,370 | 50.7% |
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 Virginia.
HUD Fair Market Rent for New Market, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $937 | $943 | $1,172 | $1,452 | $1,897 |
HUD income limits for New Market, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,600 | $31,000 | $49,600 |
| 2 people | $21,640 | $35,400 | $56,650 |
| 3 people | $27,320 | $39,850 | $63,750 |
| 4 people | $33,000 | $44,250 | $70,800 |
| 5 people | $38,680 | $47,800 | $76,500 |
| 6 people | $44,360 | $51,350 | $82,150 |
| 7 people | $50,040 | $54,900 | $87,800 |
| 8 people | $55,720 | $58,450 | $93,500 |
These are the limits HUD sets for its housing programs in the Shenandoah County, VA, where HUD’s median family income for fiscal year 2026 is $88,500.
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
What is the average rent in New Market, VA?
The Census Bureau publishes the median rather than the average: the median gross rent in New Market is $919 (±$225) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in New Market?
The median gross rent for a one-bedroom home in New Market, VA is $708 (±$44) a month (2020–2024 American Community Survey).
Are renters in New Market rent-burdened?
37.2% of renting households in New Market pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in New Market?
New Market has an estimated 604 (±201) renting households, 57.1% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in New Market?
The median household income in New Market is $51,410 (±$4,702) a year (2020–2024 American Community Survey).
What is the average home value in New Market, VA?
The Census Bureau publishes the median: $272,900 (±$42,787) for owner-occupied homes in New Market (2020–2024 American Community Survey).
Is New Market growing?
In New Market, the number of residents went from 2,180 in 2015–2019 to 2,342 in 2020–2024 (+7.4%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — New Market town, Virginia
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Market town, Virginia
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Market town, Virginia
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Market town, Virginia
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — New Market town, Virginia
- Total Population (B01003), 2015–2019 ACS 5-year estimates — New Market town, Virginia
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Market town, Virginia
- HUD Fair Market Rents, fiscal year 2027: Shenandoah County, VA
- HUD Income Limits, fiscal year 2026: Shenandoah County, VA
- FBI Uniform Crime Reporting Program, Crime Data Explorer: New Market Police Department (ORI VA0850500)
- FBI: Uniform Crime Reporting statistics and their proper use
- 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 town, Virginia (place:55848, in state:51).
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 .