Why Live in New Market
New Market in Tumwater is a neighborhood with a mix of ranch-style homes from the 1950s to the 1970s and 1980s condominiums. The area is known for its low crime risk compared to the national average. The neighborhood is close to several highly rated schools, including Peter G. Schmidt Elementary, George Bush Middle, and Tumwater High, all within walking distance. For dining, Old Towne Plaza on the south side features popular spots like Red Wagon Burgers and Flaming Pig BBQ, while Eagan’s Drive-In, a local staple since 1948, is just a mile north. Major grocery stores such as Costco, Walmart, Safeway, and Fred Meyer are about a mile away, and the Craft District offers breweries and additional dining options. Parks like Pioneer Park, with its sports fields and trails along the Deschutes River, and Munn Lake, suitable for kayaking, are a short drive away. The neighborhood hosts events such as the Tumwater Farmers Market and Dog Days festival. Tumwater Boulevard and Israel Road are the main thoroughfares, with bus routes connecting to Olympia, 4 miles north. Seattle is approximately 50 miles away, with commercial flights available at its international airport, while Olympia Regional Airport caters to private planes.
Frequently Asked Questions
Is New Market a good place to live?
New Market is a good place to live. New Market is considered car-dependent and somewhat bikeable with some transit options. New Market has 1 park for recreational activities. It has a median age of 37. The average household income is $73,205 which is below the national average. College graduates make up 35.4% of residents. A majority of residents in New Market are renters, with 66.3% of residents renting and 33.7% of residents owning their home. A
local real estate agent serving New Market can help you decide if this neighborhood is the right one for you. Learn more on our
New Market neighborhood guide.
How much do you need to make to afford a house in New Market?
The median home price in New Market is $315,000. If you put a 20% down payment of $63,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in New Market. The average household income in New Market is $73K.
What are the best public schools in New Market?
The best public schools that serve New Market are:
What are the best private schools in New Market?
The best private schools that serve New Market are:
What are the most popular zip codes in New Market, Tumwater, WA?
What are the most popular neighborhoods near New Market, Tumwater, WA?
Home Trends in New Market, WA
On average, homes in New Market, Tumwater sell after 18 days on the market compared to the national average of 52 days. The median sale price for homes in New Market, Tumwater over the last 12 months is $302,500, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$302,500
Median Single Family Sale Price
$559,950
Median Townhouse Sale Price
$290,000
Median 2 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$369
Number of Homes for Sale
1
Last 12 months Home Sales
6
Median List Price
$315,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
