Rental market snapshot for New Market, Alabama

New Market, Alabama Rental Property Market Overview

New Market, Alabama is a small town located in Madison County with a population of 2,845 as of 2021, according to the US Census. It is a rural community with a rich history, having been founded in 1818. The town is known for its annual corn festival, which is held every October. New Market is home to a variety of businesses, including a winery, a brewery, and a golf course. Residents enjoy the peaceful atmosphere and the close-knit community.

The average rent for an apartment in New Market is $1,554. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in New Market Alabama | Cost of Living

  • The most expensive ZIP code in New Market is 35761 with an average price of $1,614.
  • The cheapest ZIP code in New Market is 35761 with an average price of $1,614.

New Market ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
135761$1,614

Live near New Market, Alabama's Top Sights and Attractions

Sharon Johnston Park is a beautiful outdoor attraction located in New Market, Alabama. It features a large lake, walking trails, picnic areas, and a playground. The park also has a variety of wildlife, including ducks, geese, and other birds. There are also plenty of trees and lush greenery, making it a great place to relax and enjoy nature. The park is also home to a variety of events throughout the year, such as concerts, festivals, and other activities.

New Market Recreation Center is a family-friendly attraction located in a small town in Alabama. It features a variety of activities and amenities, including a large swimming pool, a playground, a basketball court, a picnic area, and a walking trail. The center also offers a variety of classes and programs, such as swimming lessons, arts and crafts, and fitness classes. The center is open year-round and is a great place to spend time with family and friends.

Madison County Lake is a beautiful lake located in New Market, Alabama. It is a popular spot for fishing, swimming, and boating. The lake is surrounded by lush green trees and rolling hills, making it a perfect spot for a peaceful day outdoors. The lake is stocked with a variety of fish, including bass, catfish, and crappie. There is also a boat ramp and a fishing pier for easy access to the lake. Visitors can also enjoy a picnic area and a playground.

The Madison County Commission Recreation Dept is an attraction in New Market, Alabama that offers a variety of recreational activities for all ages. Visitors can enjoy a variety of outdoor activities such as hiking, biking, fishing, camping, and picnicking. The recreation department also offers a variety of indoor activities such as basketball, volleyball, and a fitness center. The recreation department also offers a variety of educational programs and classes for children and adults.

New Market, Alabama area median rent change by ZIP code map

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How does New Market compare to other cities in Alabama?

citymedian price
Orange Beach$1,950
Irondale$1,695
Opelika$1,575
Springville$1,435
Pell City$1,315
Midfield$1,285
Hoover$1,224

Average household income in New Market area graph - US Census

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The median household income in New Market in 2021 was $45,365. This represents a 7.3% change from 2011 when the median was $42,266.

#categorypercent
0Less than $10,0003.5%
1$10,000 to $14,99916.4%
2$15,000 to $19,9999.7%
3$20,000 to $24,9995.0%
4$25,000 to $29,9998.5%
5$30,000 to $34,9990.0%
6$35,000 to $39,9993.7%
7$40,000 to $44,9999.9%
8$45,000 to $49,9990.0%
9$50,000 to $59,9993.9%
10$60,000 to $74,9993.3%
11$75,000 to $99,99914.7%
12$100,000 to $124,9998.7%
13$125,000 to $149,9994.1%
14$150,000 to $199,9992.7%
15$200,000 or more6.0%

Neighborhoods in New Market

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in New Market is $1,554.
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