New Market, Alabama Demographics & Population 2026
During the 2020–2024 ACS period, New Market, Alabama had a total population of 1,314, the 285th largest community in Alabama, with a median household income of $62,500, which is 2% lower than the state average. The poverty rate is 10.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
- Near full employment with an unemployment rate of just 2.3%.
New Market Quick Facts
How New Market Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,296 | 1,314 | +1.4% |
| Median household income | $71,083 | $62,500 | -12.1% |
| Median home value | $113,400 | $112,500 | -0.8% |
How New Market Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 53 | National average: 61
Education
Educational Attainment (Adults 25+)
New Market Rankings in Alabama
Explore Alabama Rankings
Other Cities in Madison County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Huntsville | 222,791 | $74,714 | 12.6% | $293,600 |
| Madison | 60,106 | $134,655 | 4.3% | $398,800 |
| Meridianville | 11,150 | $97,434 | 4.9% | $291,900 |
| Moores Mill | 6,378 | $96,774 | 11.2% | $274,000 |
| Harvest | 5,955 | $101,910 | 11.3% | $281,300 |
| Triana | 3,964 | $110,100 | 8.2% | $278,200 |
| Hazel Green | 3,940 | $86,271 | 10.4% | $230,800 |
| New Hope | 2,911 | $83,816 | 13.1% | $163,700 |
| Owens Cross Roads | 2,826 | $86,188 | 10.1% | $227,000 |
| Redstone Arsenal | 858 | $140,114 | 10.0% | N/A |
Cities Similar to New Market
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Newton | 1,329 | $60,030 | $89,500 | 15.7% | 15.0% |
| Rogersville | 1,260 | $66,127 | $185,800 | 20.3% | 9.4% |
| Tidmore Bend | 1,192 | $60,729 | $162,500 | 30.4% | 14.6% |
| Woodstock | 1,218 | $73,438 | $195,800 | 10.2% | 14.1% |
| New Brockton | 1,430 | $72,212 | $207,600 | 19.4% | 20.4% |
Population Overview
New Market is a small community located in Alabama, within Madison County. The total population is 1,314. It ranks as the 285th most populous out of 592 Census-designated places in Alabama.
Age Demographics
The median age in New Market is 38.3 years. This is 3% lower than the state median of 39.3 years.
Economy, Income & Housing
The median household income in New Market is $62,500. This is 2% lower than the state median of $63,999. It is also 23% lower than the national median of $80,734. The poverty rate stands at 10.1%. This is 35% lower than the state poverty rate of 15.6%. The unemployment rate is 2.3%. This is 51% lower than the state rate of 4.7%. The median home value is $112,500. Housing costs are 46% lower than the state median of $209,900. With a home-value-to-income ratio of just 1.8x, New Market is one of the most affordable housing markets in the area. 86.9% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 70.2%.
Race & Ethnicity
The largest racial or ethnic group in New Market is White (non-Hispanic), making up 73.6% of the population. Black or African American residents account for 13.3%. The Asian population is significantly higher than the state average (2.4% vs 1.4%).
Education
23.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 16% lower than the state rate of 28.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.1%.
Data Sources & Methodology
All demographic data for New Market, Alabama is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Alabama state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 592 Census-designated places in Alabama. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of New Market, Alabama?
New Market, Alabama has a population of 1,314 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Market, AL?
The median household income in New Market is $62,500, which is 23% lower than the national median of $80,734.
What is the poverty rate in New Market, AL?
The poverty rate in New Market is 10.1%. This means approximately 133 residents live below the federal poverty line.
What is the racial makeup of New Market, Alabama?
New Market's population is 73.6% White, 13.3% Black, 6.9% Hispanic/Latino, and 2.4% Asian.
What is the median home value in New Market, AL?
The median home value in New Market is $112,500. The home-value-to-income ratio is 1.8x.
How educated is New Market, Alabama?
23.8% of adults (25+) in New Market hold a bachelor's degree or higher, and 6.3% hold a graduate or professional degree.