New Market, Alabama.
Typical home $287,687 (+0.0% in a year), asking rent $1,767 . Huntsville, AL metro.
to buy the typical home at today's mortgage rate — +$827 (+121%) since Jan 2020.
- 1 year
- Up $45 +0%
- $287,643$287,687 since Sep 2025
- 5 years
- Up $36,939 +15%
- $250,748$287,687 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- New Market$1,510
- Alabama$1,252
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 25 years.
Typical home values in New Market, AL rose 0.0% over the past year — slower than the nation's +1.2%.
Living in New Market, Madison County, Alabama
New Market, in Madison County, had 1,543 people in the 2020 census. Unemployment in Madison County was 3.0% in August 2026, and the county had 2.3% more jobs in 2025 than the year before. The most people in Madison County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. New Market is a small community in Madison County, Alabama, with a population that has stayed modest in size. Residents are somewhat younger than in many American towns. Homes and rents here cost less than the county's wealthiest areas might suggest but still sit at a comfortable middle level, and household incomes across Madison County are well above those in much of the country.
Work. Residents most often work in schools, hospitals and social care, followed by professional and business services, manufacturing and retail. Across Madison County, some of the largest workplaces are Huntsville Hospital, Toyota Motor Mfg of Alabama and The Boeing Company. Commutes are typical for a place just outside a larger city, and only a small share of people work from home.
Things to do. Sharon Johnston Park, a protected area, is in or beside town. A longer drive away are the U.S. Space & Rocket Center, a museum, and Monte Sano State Park, a protected area. Winters are cool and mild with very little snow, summers are hot, and the year brings plenty of rain, so outdoor outings are easy to plan for most of the year.
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- 10%below the poverty line
- 28 mintypical commute
- 5%work from home
What people in Madison County work in
Employed residents by industry, from the Census survey. Madison County had 235,169 jobs in 2025, 2.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 50° and lows near 30°; warmest in July, with highs near 89° and lows near 68°. About 1 inches of snow and 60 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Fayetteville Wtp weather station, 18 miles away (NOAA).
Largest workplaces in Madison County
- Huntsville HospitalGeneral hospital7,307FTE
- Toyota Motor Mfg of AlabamaVehicle assembly2,543
- The Boeing CompanyGuided missile and space vehicle manufacturing2,466
- Huntsville City SchoolsSchool district2,363FTE
- George C. Marshall Space Flight CenterFederal government · National Aeronautics and Space Administration2,070
- Leidos - DyneticsEngineering research and development laboratories or services2,032
- Madison County SchoolsSchool district2,020FTE
- Blue Origin HSV MCGuided missile and space vehicle manufacturing1,493
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 338 workplaces with 20 or more staff, 51,643 people in all across the county; New Market has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- Cold wavesRelatively high
- LightningRelatively high
- Strong windRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in New Market’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Madison County and the Huntsville, AL metro.
New Market home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- New Market$287,687
- Alabama$238,614
- United States$366,157
Sellers are cutting prices on about 1 in 3 New Market listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- New Market33.22%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- New Market125
New listings per month
Sellers arriving at the market.
- New Market25
Median sale price
What buyers actually paid — closed sales, not asking prices.
- New Market$269,536
- United States$371,407
Zip codes with a New Market address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls New Market — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.