The Town FilesNew Market, Indiana
Town in Montgomery County · population 559 (2020 Census)
- Median home
- $142,300
- Household income
- $67,969
- Jan low / Jul high
- 17° / 83°
- Snow a year
- 22 in
- Tornadoes ≤10 mi since 1950
- 24
- Median age
- 44.3
New Market is a town of 559 people in Montgomery County, Indiana. The median home is worth $142,300, below the typical Indiana town ($150,400). It ranks easier by car than 85% of Indiana towns, quieter than 78% of Indiana towns, better for retirees than 73% of Indiana towns.
How New Market ranks
Percentile among Indiana towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Indiana towns.
Homes and cost of living
The median home in New Market is worth $142,300, below the typical Indiana town ($150,400). Homes cost about 2.1 times the median household income of $67,969, which is more affordable than 73% of Indiana towns. Median rent is $935 a month. 80.8% of households own their home.
| Housing | New Market | Typical Indiana town |
|---|---|---|
| Median home value | $142,300 | $150,400 |
| Median rent | $935 | $888 |
| Median household income | $67,969 | $61,953 |
| Home value ÷ income | 2.1× | 2.5× |
| Homeownership | 80.8% | 73.4% |
| Median year built | 1956 | 1966 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in New Market
| People | New Market | Typical Indiana town |
|---|---|---|
| Median age | 44.3 | 38.9 |
| Age 65 and over | 25.9% | 17.1% |
| Under 18 | 16.1% | — |
| Bachelor's degree or higher | 12.1% | 17.4% |
| Below the poverty line | 1.8% | 11.6% |
| Veterans | 12.2% | — |
| Born outside the U.S. | 0.2% | — |
| Work from home | 4.1% | 6.2% |
| Average commute | 21.3 min | 24.7 min |
| Homes with broadband | 82.8% | 89.2% |
Weather in New Market
July highs average 82.8°F and January lows 17.2°F. About 44.2 inches of rain and melted snow fall a year, with 21.7 inches of snow (typical Indiana town: 21.1 in). Expect about 12 days a year at 90°F or hotter and 140 nights at or below freezing.
Tornadoes, storms and disasters
24 tornadoes have passed within 10 miles of New Market since 1950, compared with 23 for the typical Indiana town. 9 rated (E)F2 or stronger. The strongest, an F4, struck on April 11, 1965 about 5.4 miles from the town center and killed 2. Tornadoes within 10 miles have caused 6 deaths and 50 injuries since 1950. The most recent was on August 24, 2016.
Hail of 1 inch or larger has been reported within 10 miles 49 times; the largest was 3.00 inches on February 21, 1980.
Severe weather in Montgomery County since 1996
Montgomery County has been included in 21 federal disaster or emergency declarations since 1953, most often for flood, tornado, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| January 24, 2026 | Winter Storm | EM-3641: Severe Winter Storm |
| July 22, 2025 | Flood | DR-4882: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| April 3, 2020 | Biological | DR-4515: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3456: Covid-19 |
| April 22, 2014 | Severe Storm | DR-4173: Severe Winter Storm And Snowstorm |
Jobs and pay in Montgomery County
Montgomery County had 15,655 jobs in 2024, paying an average of $57,386 a year. Unemployment was 2.8% in 2023; in New Market itself the ACS puts it at 2.1%.
Public schools in New Market
1 public school with 460 students, about 17.0 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| New Market Elementary School | PK-5 | 460 | 17.0 |
Towns near New Market
- Lake Holiday, IN2.2 mi · 921 people · home $291,100
- Crawfordsville, IN6.2 mi · 16,306 people · home $134,000
- Ladoga, IN6.9 mi · 1,081 people · home $130,600
- Roachdale, IN9.6 mi · 840 people · home $143,400
- Waynetown, IN12.1 mi · 960 people · home $128,700
- Darlington, IN13.1 mi · 711 people · home $120,500
- Bainbridge, IN14.4 mi · 684 people · home $180,500
- Jamestown, IN15.9 mi · 942 people · home $176,300
New Market questions
Is New Market, Indiana a good place to retire?
On The Town Files lifestyle rankings, New Market scores better for retirees than 73% of Indiana towns and quieter than 78%. 25.9% of residents are 65 or older (median age 44.3).
How much does a house cost in New Market?
The median owner-occupied home in New Market is valued at $142,300 (Census ACS 2020–2024), against a median household income of $67,969, so homes cost about 2.1 times income. Median rent is $935 a month.
What is the weather like in New Market?
July highs average 82.8°F and January lows 17.2°F (NOAA 1991–2020 normals). It gets about 44.2 inches of precipitation a year and 21.7 inches of snow.
Does New Market get tornadoes?
24 tornadoes have passed within 10 miles of New Market since 1950 (NOAA Storm Events); the strongest was a F4 on April 11, 1965. The typical Indiana town has had 23.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)