House Prices

House Prices & Home Values New Market, TN 2026


Average Data

average house price$248,750
average size per house2161 ft²
average price per ft²116 $ / ft²

06/24/2026 - The value range (VR) for house prices in New Market, TN is $117/ sqft to $117/ sqft. An average home with 2161 sqft costs approximately $252,837 to $252,837. New Market, TN includes 1 ZIP codes and it is located in Jefferson county. The lowest prices are found in ZIP 37820, while the highest are in ZIP 37820. The average price per sqare feet is $116. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes New Market

37820108 $ / ft²




Historical development of home values in New Market

Year Estimated value (USD) Change vs. 2025
2010 $115,524 -53.6%
2011 $111,057 -55.4%
2012 $110,758 -55.5%
2013 $114,898 -53.8%
2014 $120,611 -51.5%
2015 $126,801 -49.0%
2016 $133,418 -46.4%
2017 $140,619 -43.5%
2018 $148,394 -40.3%
2019 $155,274 -37.6%
2020 $163,301 -34.4%
2021 $185,738 -25.3%
2022 $216,528 -13.0%
2023 $228,339 -8.2%
2024 $241,549 -2.9%
2025 $248,750 0.0%

Graph: estimated home values in New Market over time (USD)



Example: 100% financing house in New Market

Loan amount: $248,750

Interest rate: 6.00%

Fixed monthly payment: $1,491.38

Breakdown in the 1st month:
Interest portion: $1,243.75  –  Principal portion: $247.63

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,841.90 $3,054.68 $245,695.32
2 $14,653.50 $3,243.09 $242,452.24
3 $14,453.47 $3,443.11 $239,009.12
4 $14,241.11 $3,655.48 $235,353.65
5 $14,015.65 $3,880.94 $231,472.71
6 $13,776.28 $4,120.30 $227,352.41
7 $13,522.15 $4,374.44 $222,977.97
8 $13,252.34 $4,644.24 $218,333.73
9 $12,965.90 $4,930.69 $213,403.04
10 $12,661.78 $5,234.80 $208,168.24
11 $12,338.91 $5,557.67 $202,610.57
12 $11,996.12 $5,900.46 $196,710.11
13 $11,632.20 $6,264.39 $190,445.72
14 $11,245.82 $6,650.76 $183,794.96
15 $10,835.62 $7,060.96 $176,734.00
16 $10,400.11 $7,496.47 $169,237.53
17 $9,937.75 $7,958.83 $161,278.70
18 $9,446.87 $8,449.72 $152,828.98
19 $8,925.71 $8,970.88 $143,858.10
20 $8,372.40 $9,524.18 $134,333.92
21 $7,784.97 $10,111.61 $124,222.31
22 $7,161.31 $10,735.27 $113,487.03
23 $6,499.18 $11,397.40 $102,089.63
24 $5,796.21 $12,100.37 $89,989.26
25 $5,049.89 $12,846.69 $77,142.57
26 $4,257.53 $13,639.05 $63,503.52
27 $3,416.31 $14,480.28 $49,023.24
28 $2,523.19 $15,373.39 $33,649.85
29 $1,575.00 $16,321.59 $17,328.27
30 $568.32 $17,328.27 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in New Market, TN


1500 sqft3900 sqft
Ø selling price$210,541$447,877
Ø fast selling$191,401$403,089
Ø high price sale$229,681$492,664

In 2026, houses in New Market, TN will be offered at an average price of $116 per square foot. A 1,500 sqft home priced at $210,541 is 21.18% more expensive per square foot than a 3,900 sqft home priced at $447,877. Home prices in New Market, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $310,068. Sellers who can wait longer may achieve a higher price of up to $378,973.

FAQ – Home Values in New Market

What is the median home value in New Market in 2026?

In 2026, the typical home value in New Market is about $248,750 for an average home size of 2161 square feet. This corresponds to an average price of roughly $116 per square foot.

What is the average cost per square foot in New Market?

In 2026, homes in New Market sell for an average of around $116 per square foot, with a typical range between $117 and $117 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in New Market is about 2161 square feet, with an estimated 2026 value around $248,750.



Locations close to New Market, TN

Newport, TN126 $ / ft²
New Tazewell, TN241 $ / ft²
Niota, TN163 $ / ft²
Newcomb, TN144 $ / ft²
Mosheim, TN116 $ / ft²
Morristown, TN155 $ / ft²
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