New Market town, Virginia Demographics & Population 2026

Population Overview

New Market town is a small community located in Virginia. The total population is 2,159. It ranks as the 276th most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in New Market town is 48.4 years. This is 25% higher than the state median of 38.8 years. 13.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in New Market town is $47,967. This is 47% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 39% lower. The poverty rate stands at 12.3%. This is 24% higher than the state poverty rate of 9.9%. The unemployment rate is 5.7%. This is 33% higher than the state rate of 4.3%. The median home value is $247,400. Housing costs are 31% lower than the state median of $360,700. The home-value-to-income ratio is 5.2x. 41.0% of occupied housing units are owner-occupied. This homeownership rate is 39% lower than the state average of 67.2%.

Race & Ethnicity

New Market town has a predominantly White (non-Hispanic) population, comprising 86.1% of all residents. Hispanic or Latino residents account for 7.7%. The Black or African American population (4.4%) is well below the state average of 18.4%. The Asian population (0.5%) is well below the state average of 6.8%.

Education

20.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 51% lower than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.8%.

Data Sources & Methodology

All demographic data for New Market town, Virginia 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 Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.