Home Insurance in New Market, Maryland
With a median home value of $639,100, New Market is 38% higher than the Frederick County median.
The typical home in New Market was built around 2005. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 15% of homes were built before 1960, about 2 points below Frederick County's 17%.
Housing in New Market breaks down to 99% single-family homes.
85% of owner-occupied homes in New Market carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 97% of occupied homes in New Market are owner-occupied.
56% of homes in New Market are primarily heated with natural gas.
Frederick County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Frederick County had 577 active NFIP flood policies as of September 2026. See the full Frederick County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Maryland is $1,578 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $639,100 |
|---|---|
| Median year built | 2005 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 85% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Frederick County | 577 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)