The Town of New Market had a population of 2,232 as of July 1, 2019.
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 elevation is 1,056 feet.
The Town of New Market (GNIS ID: 2391326) 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.
Alternate Unofficial Names for New Market: Cross Roads, Crossroads, Newmarket.
HOUSING AFFORDABILITY INDEX
|New Market, VA Housing Affordability Index is 122 |
State of Virginia Housing Affordability Index is 126
|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.|
|New Market, VA Wealth Index is 89 |
State of Virginia Wealth Index is 124
|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.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.
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|Total Population||2,232 (100%)|
|Population in Households||2,143 (96.0%)|
|Population in Families||1,678 (75.2%)|
|Population in Group Quarters1||89 ( 4.0%)|
|Median Household Income||$50,000|
|Average Household Income||$70,394|
|Per Capita Income||$29,538|
|Total Housing Units||1,092 (100%)|
|Owner Occupied HU||626 (57.3%)|
|Renter Occupied HU||308 (28.2%)|
|Vacant Housing Units||158 (14.5%)|
|Median Home Value||$220,833|
|Housing Affordability Index3||122|
|Average Household Size||2.29|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.2%|
|Per Capita Income||2.42%|
The table below compares New Market to the other 593 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2019 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.
|Total Population||# 257||57th|
|Population Density||# 222||63rd|
|Diversity Index||# 355||40th|
|Median Household Income||# 359||39th|
|Per Capita Income||# 275||54th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.