New Market, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, New Market, Indiana had a total population of 509, the 507th largest town in Indiana, with a median household income of $67,969, which is 6% lower than the state average. The poverty rate is 1.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 1.8% — among the lowest in Indiana.
- Housing is very affordable with a home-value-to-income ratio of just 2.1x.
- Near full employment with an unemployment rate of just 2.1%.
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 | 544 | 509 | -6.4% |
| Median household income | $72,917 | $67,969 | -6.8% |
| Median home value | $136,900 | $142,300 | +3.9% |
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
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
New Market Rankings in Indiana
Explore Indiana Rankings
Other Cities in Montgomery County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Crawfordsville | 16,491 | $55,033 | 15.2% | $134,000 |
| Ladoga | 1,144 | $61,667 | 11.2% | $130,600 |
| Lake Holiday | 845 | $109,306 | 0.0% | $291,100 |
| Waynetown | 805 | $60,583 | 16.5% | $128,700 |
| Darlington | 798 | $57,656 | 12.0% | $120,500 |
| Linden | 590 | $67,981 | 10.2% | $141,800 |
| Waveland | 475 | $52,292 | 18.5% | $108,600 |
| New Richmond | 433 | $80,329 | 6.9% | $89,200 |
| New Ross | 364 | $64,167 | 17.0% | $145,000 |
| Wingate | 296 | $64,375 | 13.2% | $76,000 |
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 |
|---|---|---|---|---|---|
| New Goshen | 526 | $68,214 | $95,000 | 19.1% | 5.9% |
| Metamora | 491 | N/A | N/A | 0.0% | 0.0% |
| Zanesville | 488 | $67,212 | $162,500 | 25.8% | 10.3% |
| Chalmers | 526 | $70,500 | $162,500 | 17.3% | 8.0% |
| Hatfield | 497 | $71,932 | $138,000 | 11.8% | 21.9% |
A note before these figures: with a population of 509, New Market's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
New Market is a small community located in Indiana, within Montgomery County. The total population is 509. It ranks as the 507th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in New Market is 44.3 years. This is 16% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in New Market is $67,969. This is 6% lower than the state median of $71,957. It is also 16% lower than the national median of $80,734. The poverty rate stands at 1.8%. This is 86% lower than the state poverty rate of 12.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.1%. This is 51% lower than the state rate of 4.3%. The median home value is $142,300. Housing costs are 35% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.1x, New Market is one of the most affordable housing markets in the area. 80.8% of occupied housing units are owner-occupied. This homeownership rate is 14% higher than the state average of 70.5%.
Race & Ethnicity
New Market has a predominantly White (non-Hispanic) population, comprising 96.7% of all residents. Hispanic or Latino residents account for 1.8%. The Hispanic or Latino population (1.8%) is well below the state average of 8.6%.
Education
12.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.0%.
Data Sources & Methodology
All demographic data for New Market, Indiana 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 Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. 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, Indiana?
New Market, Indiana has a population of 509 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Market, IN?
The median household income in New Market is $67,969, which is 16% lower than the national median of $80,734.
What is the poverty rate in New Market, IN?
The poverty rate in New Market is 1.8%. This means approximately 9 residents live below the federal poverty line.
What is the racial makeup of New Market, Indiana?
New Market's population is 96.7% White, 0.0% Black, 1.8% Hispanic/Latino, and 0.0% Asian.
What is the median home value in New Market, IN?
The median home value in New Market is $142,300. The home-value-to-income ratio is 2.1x.
How educated is New Market, Indiana?
12.1% of adults (25+) in New Market hold a bachelor's degree or higher, and 2.9% hold a graduate or professional degree.