New Market, IA Profile: Facts & Data

The City of New Market had a population of 364 as of July 1, 2024. New Market ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for New Market is located at latitude 40.7311 and longitude -94.8997 in Taylor County. The formal boundaries for the City of New Market encompass a land area of 0.44 sq. miles and a water area of 0 sq. miles. Taylor County is in the Central time zone (GMT -6).

The City of New Market has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

New Market, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	364 (100%)
Population in Households	364 (100.0%)
Population in Families	284 (78.0%)
Population in Group Quarters¹	0
Population Density	841
Diversity Index²	6


INCOME
Median Household Income	$70,832
Average Household Income	$92,770
% of Income for Mortgage⁴	9%
Per Capita Income	$47,150
Wealth Index⁵	95
Socioeconomic Status Index⁶	Moderate (57.9)

HOUSING
Total HU (Housing Units)	200 (100%)
Owner Occupied HU	155 (77.5%)
Renter Occupied HU	30 (15.0%)
Vacant Housing Units	15 ( 7.5%)
Median Home Value	$99,479
Average Home Value	$148,226
Housing Affordability Index³	272

HOUSEHOLDS
Total Households	185
Average Household Size	1.97
Family Households	120
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

New Market, IA - Peer Comparisons by Rank and Percentile

The table below compares New Market to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.31%	-0.39%
Households	-0.87%	-0.44%
Families		-0.68%
Median Household Income		2.45%
Per Capita Income		2.48%
Owner Occupied HU		-1.05%

Variable Description	Rank	Percentile
Total Population	# 522	49th
Population Density	# 355	65th
Median Household Income	# 576	44th
Housing Affordability Index	# 1001	98th
Per Capita Income	# 247	76th
Diversity Index	# 956	7th

New Market, IA Profile: Facts & Data

New Market, Iowa - Basic Facts

New Market, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Market, IA - Peer Comparisons by Rank and Percentile

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Taylor County