New Market town, Maryland Demographics & Population 2026

Population Overview

New Market town is a small community located in Maryland. The total population is 1,588. It ranks as the 299th most populous out of 528 cities and towns in Maryland.

Age Demographics

The median age in New Market town is 34.0 years. This is 13% lower than the state median of 39.3 years. With 36.0% of the population under 18, New Market town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in New Market town is $198,080. This is 95% higher than the state median of $101,652. Compared to the national median of $78,538, household income here is 152% higher. The poverty rate stands at 0.9%. This is 91% lower than the state poverty rate of 9.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.0%. This is 40% lower than the state rate of 4.9%. The median home value is $607,700. Housing costs are 53% higher than the state median of $397,700. The home-value-to-income ratio is 3.1x. 96.4% of occupied housing units are owner-occupied. This homeownership rate is 43% higher than the state average of 67.5%.

Race & Ethnicity

The largest racial or ethnic group in New Market town is White (non-Hispanic), making up 81.0% of the population. Hispanic or Latino residents account for 5.2%. The White (non-Hispanic) population is significantly higher than the state average (81.0% vs 47.4%). The Black or African American population (4.9%) is well below the state average of 29.2%. The Hispanic or Latino population (5.2%) is well below the state average of 12.1%. The Asian population (2.3%) is well below the state average of 6.4%.

Education

69.0% of residents aged 25 and older hold a bachelor's degree or higher. This places New Market town in the top 10% of all cities in the state for educational attainment. This is 61% higher than the state rate of 42.7%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 100.0%. Notably, 33.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for New Market town, Maryland is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Maryland state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 528 Census-designated places in Maryland. For official data, visit data.census.gov.