US > Virginia > Shenandoah County > New Market, VA

New Market, VA Profile: Facts & Data

Advertisement

New Market Local Links & Resources:
Resources | ALL New Market Content
Planning to visit New Market? See Local Hotels

Also See New Market, VA: ZIP Codes & Maps

New Market, Virginia - Basic Facts

The Town of New Market had a population of 2,216 as of July 1, 2024.

The primary coordinate point for New Market is located at latitude 38.6479 and longitude -78.6714 in Shenandoah County. The formal boundaries for the Town of New Market encompass a land area of 2.02 sq. miles and a water area of 0.01 sq. miles. Shenandoah County is in the Eastern time zone (GMT -5).

The Town of New Market has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. New Market 2024 Demographic Data
  2. Growth Rates for New Market (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Virginia Research Tools (Easy Tools & Current Data)
  3. Virginia Data Comparison Tool - 2024 Demographics
Advertisement

New Market, VA Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 2,216 (100%)
Population in Households 2,107 (95.1%)
Population in Families 1,678 (75.7%)
Population in Group Quarters1 109 ( 4.9%)
Population Density 1,097
Diversity Index2 51
 
 

INCOME

Median Household Income $48,230
Average Household Income $74,016
% of Income for Mortgage4 37%
Per Capita Income $30,843
Wealth Index5 72
Socioeconomic Status Index6 Moderate (53.5)
 

HOUSING

Total HU (Housing Units) 1,044 (100%)
Owner Occupied HU 622 (59.6%)
Renter Occupied HU 299 (28.6%)
Vacant Housing Units 123 (11.8%)
Median Home Value $288,393
Average Home Value $355,908
Housing Affordability Index3 69
 

HOUSEHOLDS

Total Households 921
Average Household Size 2.29
Family Households 555
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.66% 0.10%
Households 0.76% 0.11%
Families   0.18%
Median Household Income   2.44%
Per Capita Income   3.30%
Owner Occupied HU   0.54%

New Market, VA - Peer Comparisons by Rank and Percentile

The table below compares New Market to the other 688 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 268 61st
Population Density # 238 66th
Median Household Income # 499 28th
Housing Affordability Index # 166 24th
Per Capita Income # 456 34th
Diversity Index # 330 52nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.

New Market, VA - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Virginia Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2024, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Virginia Census Data Comparison Tool

Compare Virginia July 1, 2024 Data
Data:
Locations:
Highest or Lowest:
Results:
View ALL New Market Content


Shenandoah County


Advertisement


Advertisement
Advertisement

Home | About HTL | Advertise Here | References | Legal | Privacy | Contact
Copyright © 2024 HTL, Inc. All Rights Reserved.
Website Design by Blue Tangerine