According to statistics, the population in New Market, MD amounts to 1,226, which shows growth 8% compared to the previous year. The median age of the city’s residents is 35. The average household income is $114,583, shifting growth 6% from the past year, and the average property value in New Market, MD growth 4% to $423,100 throughout the year.
|Number Of Employees||619|
|Median Property Value||$423,100|
The average household income in New Market, MD grew from $108,542 to $114,583 in the past year. This data is an estimate based upon 379 households in New Market, MD . The chart below presents how household income is distributed in New Market, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in New Market, MD shifted from $407,900 to $423,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in New Market, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of New Market, MD properties falls in the '$400,000 to $499,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New Market, MD compared to median property taxes around the country. The prevalent amount of property taxes in New Market, MD equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed for sale||$381,666||N/A|
|3 bed for sale||$434,637||-5.3%|
|4+ bed for sale||$598,927||-13.3%|
During Aug 2022, the average price for an apartment in/near New Market, MD decreased by 8% to $531,278.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $381,666. A 3-bed apartment goes for $434,637, it decreased by 5.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 13.3% and made it down to $598,927.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$592,260||-11%|
|Condos for sale||$409,999||N/A|
|Townhouses for sale||$430,099||-4%|
|Land for sale||$39,900||N/A|
|Lofts for sale||$854,990||N/A|
Price reports demonstrate that house price decreased by 11% this month making it up to $592,260. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $409,999. The price statistics of lofts have not significantly changed, it now still goes for $854,990. The property value of townhouses decreased by 4%, you’ll have to spend around $430,099 to get one.