New Market, AL Profile: Facts & Data


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New Market, Alabama - Basic Facts

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The New Market CDP(1) had a population of 1,608 as of July 1, 2022. New Market ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Alabama. See peer rankings below.

The primary coordinate point for New Market is located at latitude 34.9101 and longitude -86.4278 in Madison County. The formal boundaries for the New Market Census Designated Place encompass a land area of 17.53 sq. miles and a water area of 0.03 sq. miles. Madison County is in the Central time zone (GMT -6). The elevation is 758 feet.

The New Market Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The New Market Census Designated Place is located within New Market Division of Madison County.

Alternate Unofficial Names for New Market: Newmarket.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. New Market 2022 Demographic Data
  2. Growth Rates for New Market (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Alabama Research Tools (Easy Tools & Current Data)
  3. Alabama Data Comparison Tool - 2022 Demographics

New Market, AL Data & Demographics (As of July 1, 2022)


Total Population 1,608 (100%)
Population in Households 1,608 (100.0%)
Population in Families 1,368 (85.1%)
Population in Group Quarters1 0
Population Density 92
Diversity Index2 46


Median Household Income $55,735
Average Household Income $80,028
% of Income for Mortgage4 20%
Per Capita Income $31,499
Wealth Index5 69


Total HU (Housing Units) 696 (100%)
Owner Occupied HU 535 (76.9%)
Renter Occupied HU 100 (14.4%)
Vacant Housing Units 61 ( 8.8%)
Median Home Value $212,681
Average Home Value $218,271
Housing Affordability Index3 135


Total Households 635
Average Household Size 2.53
Family Households 462
Average Family Size 3.00
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2020-2022 2022-2027
Population 1.85% 1.21%
Households 1.95% 1.32%
Families   1.27%
Median Household Income   3.78%
Per Capita Income   7.19%
Owner Occupied HU   1.70%

New Market, AL - Peer Comparisons by Rank and Percentile

The table below compares New Market to the other 593 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 256 57th
Population Density # 475 20th
Median Household Income # 178 70th
Housing Affordability Index # 118 20th
Per Capita Income # 178 70th
Diversity Index # 235 61st

Additional comparisons and rankings can be made with a VERY EASY TO USE Alabama Census Data Comparison Tool.

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