New Market, Maryland Demographics & Population 2026

Population Overview

New Market is a small community located in Maryland, within Frederick County. The total population is 1,603. It ranks as the 298th most populous out of 527 Census-designated places in Maryland.

Age Demographics

The median age in New Market is 36.0 years. This is 9% lower than the state median of 39.4 years. With 36.1% of the population under 18, New Market has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in New Market is $202,872. This is 96% higher than the state median of $103,678. It is also 151% higher than the national median of $80,734. The poverty rate stands at 0.8%. This is 92% lower than the state poverty rate of 9.4%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.3%. This is 74% lower than the state rate of 4.9%. The median home value is $639,100. Housing costs are 52% higher than the state median of $419,900. The home-value-to-income ratio is 3.2x. 96.7% of occupied housing units are owner-occupied. This homeownership rate is 43% higher than the state average of 67.6%.

Race & Ethnicity

The largest racial or ethnic group in New Market is White (non-Hispanic), making up 80.1% of the population. Black or African American residents account for 5.2%. The White (non-Hispanic) population is significantly higher than the state average (80.1% vs 46.6%). The Black or African American population (5.2%) is well below the state average of 28.9%. The Hispanic or Latino population (4.8%) is well below the state average of 12.5%. The Asian population (1.7%) is well below the state average of 6.5%.

Education

64.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 48% higher than the state rate of 43.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample. Notably, 35.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for New Market, Maryland 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 Maryland state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 527 Census-designated places in Maryland. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.