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Real Estate Prices & Overview

New Market median real estate price is $295,230, which is more expensive than 66.8% of the neighborhoods in Indiana and 38.1% of the neighborhoods in the U.S.

The average rental price in New Market is currently $1,255, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.3% of Indiana neighborhoods.

New Market is a remote neighborhood (based on population density) located in Crawfordsville, Indiana.

New Market real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the New Market neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Real estate vacancies in New Market are 3.5%, which is lower than one will find in 76.7% of American neighborhoods. Demand for real estate in New Market is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Crawfordsville, the New Market neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the New Market neighborhood in Crawfordsville are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.7% of the neighborhoods in America. With 17.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.1% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the New Market neighborhood, 34.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.8%), and 13.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the New Market neighborhood is English, spoken by 100.0% of households.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the New Market neighborhood in Crawfordsville, IN, residents most commonly identify their ethnicity or ancestry as German (14.8%). There are also a number of people of Irish ancestry (11.9%), and residents who report English roots (10.4%), and some of the residents are also of Scottish ancestry (3.8%), along with some French ancestry residents (3.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in New Market neighborhood spend under 15 minutes commuting one-way to work (39.9% of working residents), one of the shortest commutes across America.

Here most residents (82.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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