Commercial Real Estate Market in New Market, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 109 off-market properties in New Market, AL.
Market Trends
New Market, AL spans 116.6 square miles in Madison County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Market, AL asks $171/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in New Market, AL asks $146/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in New Market, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in New Market, AL asks $137/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
New Market, AL has 12,561 residents in 5,522 households. Density runs 108 people per square mile. Median household income here is $82,321 and median gross rent $975 a month.
12,561
Population
5,522
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
116.6 sq mi
ZIP Area
108
Density / Sq Mi
$82,321
Median Household Income
$45,892
Median Earnings
$975
Median Rent
$215,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elora | — | — |
| Meridianville | — | — |
| Hazel Green | — | — |
| Ryland | — | — |
Commercial property in New Market, AL asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Market?
Commercial property in New Market, AL asks an average of $9 per square foot. The 5 most recent recorded sales traded at a median of $95/SF. Office carries the highest asking price at $171/SF.
Where does Realmo's New Market market data come from?
Realmo compiles New Market, AL figures from 5 recent recorded sales, 48 active sale listings, 109 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 0 active for-lease listings in New Market, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
