HomeVirginiaShenandoah CountyNew Market town
New Market town, Virginia: commercial real estate data.
New Market town is a Census town of 2,342 people across 2.02 square miles of land, in Shenandoah County. Median household income is $51,410, 42.9 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $5.2 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Market
What New Market is
- Census place typetown
- Land area2.02 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,159
- County holding the largest share of its areaShenandoah 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
- Population2,342
- Median age49.8 plus or minus 10.2
- Population under 18368 plus or minus 122
- Share under 1815.7 percent plus or minus 4.2
- Population 65 and over847 plus or minus 211
- Share 65 and over36.2 percent
- Households1,058 plus or minus 215
- Family households630 plus or minus 174
- Share of households that are families59.5 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$51,410
- Per capita income$31,839
- Civilian labor force1,116 plus or minus 272
- Employed1,043 plus or minus 254
- Unemployed73 plus or minus 87
- Unemployment rate6.5 percent plus or minus 7.6
- Adults 25 and over1,846
- Adults 25 and over with a high school diploma or higher84.2 percent plus or minus 22.3
- Adults 25 and over with a bachelor degree or higher19.7 percent
- Adults 25 and over with a graduate degree8.3 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
Housing in New Market
- Housing units1,144
- Occupied units1,058 plus or minus 215
- Vacant units86 plus or minus 51
- Vacancy rate7.5 percent plus or minus 4.2
- Owner occupied454 plus or minus 110
- Renter occupied604 plus or minus 201
- Ownership rate42.9 percent
- Median owner-occupied home value$272,900
- Median gross rent, monthly$919 plus or minus $225
- Annual rent as a share of median income21.5 percent plus or minus 5.6
- Single family units724 plus or minus 163
- Share single family63.3 percent
- Units in buildings of two or more384 plus or minus 158
- Share in buildings of two or more33.6 percent plus or minus 12.2
- Mobile homes36 plus or minus 34
- Median year structure built1984
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 commute947 plus or minus 240
- Commuting under 15 minutes221 plus or minus 121
- Share commuting under 15 minutes23.3 percent plus or minus 11.3
- Commuting 30 minutes or more332 plus or minus 127
- Share commuting 30 minutes or more35.1 percent plus or minus 10.0
- Drove alone70.6 percent
- Carpooled10.1 percent plus or minus 6.2
- Public transport0.0 percent
- Walked10.1 percent plus or minus 9.9
- Worked from home7.0 percent plus or minus 4.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Market
SBA loans in New Market (7(a))
- Approvals5
- Gross approval$5,189,000
- Average approval$1,037,800
- Median approval$236,000
- Ninetieth percentile approval$2,648,000
- Largest approval$2,648,000
- Jobs supported102
- Jobs per approval20.4
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term192 months
- Share on real estate terms of 20 years or more40.0 percent
- Share to franchises20.0 percent
- Distinct lenders3
- Distinct industries by NAICS4
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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$414,000
- Average approval$414,000
- Median approval$414,000
- Largest approval$414,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Shenandoah County, not New Market
Shenandoah County context, not New Market figures
These are Shenandoah County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Market measurements.
- Establishments in Shenandoah County922
- Employment at those establishments, Shenandoah County12,260
- Covered employment, Shenandoah County13,484
- Average annual pay, Shenandoah County$49,986
- Average weekly wage, Shenandoah County$961
- Housing units permitted, Shenandoah County224
- Of those, single family, Shenandoah County224
- County product, 2024, Shenandoah County$2,270,220,000
- County product change over the prior year, Shenandoah County4.0 percent
- Average income of an arriving household, Shenandoah County$62,434
Every figure in this section is published for Shenandoah County as a whole and is not a measurement of New Market. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Market questions, answered from the record.
How many people live in New Market, Virginia?
2,342, in 1,058 households. New Market town covers 2.02 square miles of land, which is 1,159 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?
Shenandoah 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?
$51,410. The median owner-occupied home is valued at $272,900. Median gross rent is $919 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?
5 7(a) approvals totalling $5.2 m, across 3 lenders, median approval $236,000, plus 1 504 approvals worth $414,000. 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 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Market figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Shenandoah 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.