New Market

Population: 544
Median household income: $72,917
Median home value: $136,900

Located in Montgomery County, Indiana, New Market is a community with a population of 544. At $72,917, its median household income sits above Montgomery County's $66,571.

From 2019 to 2023, New Market's population declined 9.2% from 599 to 544, while its median home value rose 48.3% from $92,300 to $136,900.

The median resident is 43.2 years old. The largest age group is 5 to 17, 18.2% of residents.

Demographics

ACS 2019–2023

Population: 544
Median age: 43.2 yrs
Median household income: $72,917
Median home value: $136,900
Median gross rent: $964
Housing units: 244
Homeownership rate: 79.8%
Bachelor's degree or higher: 11.1%
Unemployment rate: 2.1%

Trends

ACS 5-year · 2019–2023

Population

599544

Median household income

$58,984$72,917

Median home value

$92,300$136,900

Median gross rent

$867$964

Year	Population	Median household income	Median home value	Median gross rent
2019	599	$58,984	$92,300	$867
2020	639	$58,088	$93,500	$838
2021	636	$62,368	$119,800	$923
2022	568	$66,250	$125,000	$820
2023	544	$72,917	$136,900	$964

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 51.3%

5 to 1718.2%

18 to 247.7%

25 to 3415.1%

35 to 449.9%

45 to 5410.7%

55 to 6411.2%

65 to 7417.5%

75 and over8.5%

	Count	Share
Under 5	7	1.3%
5 to 17	99	18.2%
18 to 24	42	7.7%
25 to 34	82	15.1%
35 to 44	54	9.9%
45 to 54	58	10.7%
55 to 64	61	11.2%
65 to 74	95	17.5%
75 and over	46	8.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	527	96.9%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	8	1.5%
Hispanic or Latino (any race)	9	1.7%

Educational attainment (age 25+)

No high school diploma7.6%

High school graduate53.5%

Some college or associate's27.8%

Bachelor's degree10.1%

Graduate or professional degree1.0%

	Count	Share
No high school diploma	30	7.6%
High school graduate	212	53.5%
Some college or associate's	110	27.8%
Bachelor's degree	40	10.1%
Graduate or professional degree	4	1.0%

Commute to work

Mean travel time to work: 21 min

Drove alone87.5%

Carpooled8.1%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home4.4%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	217	87.5%
Carpooled	20	8.1%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	11	4.4%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	91	38.4%
15 to 29 min	95	40.1%
30 to 44 min	14	5.9%
45 to 59 min	17	7.2%
60+ min	20	8.4%

Households

Average household size: 2.44
Poverty rate: 2.8% (15 of 544)

	Count	Share
Family households	129	57.8%
Nonfamily households	94	42.2%

Housing

Median year structure built: 1956

Occupancy

	Count	Share
Occupied	223	91.4%
Vacant	21	8.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	178	79.8%
Renter-occupied	45	20.2%

1-unit, detached88.1%

1-unit, attached0.0%

2 to 4 units8.6%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other3.3%

Units in structure

	Count	Share
1-unit, detached	215	88.1%
1-unit, attached	0	0.0%
2 to 4 units	21	8.6%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	8	3.3%

Geography

Place GEOID: 1853262
Type (LSAD): 43
Land area: 0.27 sq mi
Water area: 0 sq mi
Center point: 39.9526, -86.9215