HomeMarylandFrederick CountyNew Market
New Market, Maryland: commercial real estate data.
New Market is a Census town of 1,603 people across 1.77 square miles of land, in Frederick County. Median household income is $202,872, 96.6 percent of occupied homes are owned, and the SBA record carries 14 7(a) approvals to borrowers here worth $4.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Market
What New Market is
- Census place typetown
- Land area1.77 sq mi
- Water area0 sq mi
- Population per square mile of land905
- County holding the largest share of its areaFrederick County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
How many people live in New Market
- Population1,603
- Median age36.0
- Population under 18578
- Share under 1836.1 percent plus or minus 8.9
- Population 65 and over146 plus or minus 53
- Share 65 and over9.1 percent plus or minus 2.9
- Households477
- Family households410
- Share of households that are families86.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
Income and work in New Market
- Median household income$202,872
- Per capita income$65,882
- Civilian labor force854 plus or minus 204
- Employed843 plus or minus 205
- Unemployed11 plus or minus 11
- Unemployment rate1.3 percent plus or minus 1.3
- Adults 25 and over889
- Adults 25 and over with a high school diploma or higher100.0 percent plus or minus 22.5
- Adults 25 and over with a bachelor degree or higher64.3 percent
- Adults 25 and over with a graduate degree35.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
Housing in New Market
- Housing units477
- Occupied units477
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied461
- Renter occupied16 plus or minus 19
- Ownership rate96.6 percent
- Median owner-occupied home value$639,100
- Median gross rent, monthly$2,136 plus or minus $546
- Annual rent as a share of median income12.6 percent plus or minus 3.7
- Single family units472
- Share single family99.0 percent
- Units in buildings of two or more5 plus or minus 15
- Share in buildings of two or more1.0 percent plus or minus 3.2
- Mobile homes0
- Median year structure built2005
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
How New Market gets to work
- Workers 16 and over who commute665 plus or minus 198
- Commuting under 15 minutes174 plus or minus 134
- Share commuting under 15 minutes26.2 percent plus or minus 18.6
- Commuting 30 minutes or more302 plus or minus 71
- Share commuting 30 minutes or more45.4 percent plus or minus 17.2
- Drove alone73.6 percent
- Carpooled2.7 percent plus or minus 1.9
- Public transport1.6 percent plus or minus 1.3
- Walked1.6 percent plus or minus 2.2
- Worked from home20.5 percent plus or minus 4.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
SBA loans in New Market (7(a))
- Approvals14
- Gross approval$4,425,500
- Average approval$316,107
- Median approval$125,000
- Largest approval$1,303,000
- Jobs supported230
- Jobs per approval16.4
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises14.3 percent
- Distinct lenders8
- Distinct industries by NAICS12
Counted by borrower city: approvals to borrowers whose address is in New Market, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Market
SBA loans in New Market (504)
- Approvals1
- Gross approval$1,871,000
- Average approval$1,871,000
- Median approval$1,871,000
- Largest approval$1,871,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in New Market, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Market
Flood risk in New Market
- NFIP communityTown of New Market
- NFIP community number240088
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/01/23
The Town of New Market participates in the National Flood Insurance Program as community 240088 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Frederick County, not New Market
Frederick County context, not New Market figures
- Establishments in Frederick County6,591
- Covered employment, Frederick County108,438
- Average annual pay, Frederick County$69,852
- Housing units permitted, Frederick County1,562
Every figure in this section is published for Frederick County as a whole and is not a measurement of New Market.
All Frederick County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New Market questions, answered from the record.
How many people live in New Market, Maryland?
1,603, in 477 households. New Market town covers 1.77 square miles of land, which is 905 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Market in?
Frederick County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Market?
$202,872. The median owner-occupied home is valued at $639,100. Median gross rent is $2,136 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Market businesses?
14 7(a) approvals totaling $4.4 m since FY2020, across 8 lenders, median approval $125,000, plus 1 504 approvals worth $1.9 m since FY2010. These count approvals to borrowers whose address is in New Market, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Market borrowers get paid back?
No rate is published for New Market. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Market in the National Flood Insurance Program?
Yes. New Market appears in the FEMA Community Status Book as New Market, town of, community 240088, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Market figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Frederick County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Market.
Is zoning published for New Market?
No. Nothing on this page presents parcel level zoning.