HomeVirginiaShenandoah CountyNew Market
New Market, Virginia: commercial real estate data.
New Market 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 since FY2020.
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
- 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
Counted by borrower city: approvals to borrowers whose address is in New Market, in any county, FY2020 to FY2026. Only 1 loan has 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$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
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 number510227
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/16/03
The Town of New Market participates in the National Flood Insurance Program as community 510227 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.
Shenandoah County, not New Market
Shenandoah County context, not New Market figures
- Establishments in Shenandoah County922
- Covered employment, Shenandoah County13,484
- Average annual pay, Shenandoah County$49,986
- Housing units permitted, Shenandoah County224
Every figure in this section is published for Shenandoah County as a whole and is not a measurement of New Market.
All Shenandoah 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, 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 totaling $5.2 m since FY2020, across 3 lenders, median approval $236,000, plus 1 504 approvals worth $414,000 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 1 loan has 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 510227, 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 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?
No. Nothing on this page presents parcel level zoning.