New Market, Tennessee Demographics & Population 2026
During the 2020–2024 ACS period, New Market, Tennessee had a total population of 1,619, the 248th largest town in Tennessee, with a median household income of $72,321, which is 4% higher than the state average. The poverty rate is 7.5%.
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 2.5x.
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 | 1,789 | 1,619 | -9.5% |
| Median household income | $70,913 | $72,321 | +2.0% |
| Median home value | $166,400 | $180,400 | +8.4% |
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: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
New Market Rankings in Tennessee
Explore Tennessee Rankings
Other Cities in Jefferson County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Jefferson City | 8,579 | $60,638 | 19.0% | $213,200 |
| Dandridge | 3,538 | $53,507 | 15.1% | $259,100 |
| Strawberry Plains | 2,669 | $75,027 | 3.0% | $168,400 |
| Baneberry | 700 | $82,344 | 3.6% | $395,200 |
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 |
|---|---|---|---|---|---|
| Chapel Hill | 1,712 | $75,441 | $311,100 | 20.2% | 4.1% |
| Tennessee Ridge | 1,726 | $74,271 | $171,800 | 15.0% | 12.2% |
| Rockvale | 1,611 | $86,404 | $449,500 | 46.2% | 14.7% |
| Huntland | 1,532 | $66,308 | $183,100 | 14.3% | 11.6% |
| Kimball | 1,639 | $60,543 | $231,400 | 21.0% | 6.9% |
Population Overview
New Market is a small community located in Tennessee, within Jefferson County. The total population is 1,619. It ranks as the 248th most populous out of 502 Census-designated places in Tennessee.
Age Demographics
The median age in New Market is 41.8 years. This is 7% higher than the state median of 38.9 years.
Economy, Income & Housing
The median household income in New Market is $72,321. This is 4% higher than the state median of $69,595. It is also 10% lower than the national median of $80,734. The poverty rate stands at 7.5%. This is 45% lower than the state poverty rate of 13.8%. The unemployment rate is 3.4%. This is 28% lower than the state rate of 4.7%. The median home value is $180,400. Housing costs are 37% lower than the state median of $286,700. With a home-value-to-income ratio of just 2.5x, New Market is one of the most affordable housing markets in the area. 75.5% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 66.9%.
Race & Ethnicity
New Market has a predominantly White (non-Hispanic) population, comprising 91.8% of all residents. Black or African American residents account for 2.8%. The Black or African American population (2.8%) is well below the state average of 15.4%. The Asian population (0.1%) is well below the state average of 1.9%.
Education
27.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% lower than the state rate of 31.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.8%.
Data Sources & Methodology
All demographic data for New Market, Tennessee 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 Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 502 Census-designated places in Tennessee. 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, Tennessee?
New Market, Tennessee has a population of 1,619 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Market, TN?
The median household income in New Market is $72,321, which is 10% lower than the national median of $80,734.
What is the poverty rate in New Market, TN?
The poverty rate in New Market is 7.5%. This means approximately 121 residents live below the federal poverty line.
What is the racial makeup of New Market, Tennessee?
New Market's population is 91.8% White, 2.8% Black, 0.0% Hispanic/Latino, and 0.1% Asian.
What is the median home value in New Market, TN?
The median home value in New Market is $180,400. The home-value-to-income ratio is 2.5x.
How educated is New Market, Tennessee?
27.5% of adults (25+) in New Market hold a bachelor's degree or higher, and 4.5% hold a graduate or professional degree.