New Market, TN Real Estate

According to census data in the year 2000 there were 507 housing units in New Market. This represents a 23.1% growth from 412 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 507 were located in what is classified as a rural area.

Homeownership rate in New Market is about 88%. New Market's vacancy rate, including seasonal lodging, is about 7.7%. Average household size is 2.65 people.

The majority of houses, apartments or condos in New Market were built after 1971.


Housing Size

Housing Units by Size
Studio Type1%
One Bedroom3.40%
Two Bedrooms24.30%
Three Bedrooms54.20%
Four Bedrooms13.40%
Five Bedrooms or more3.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1972
Median Value of occupied units$80,400
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1962
Median Monthly Rent asked for vacant units$125

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan5.50%
Simple Mortgage56.10%
Debt Free33.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%