The town of New Market was platted in 1872 by Joseph White Sr., Carson Wray Sr., Joseph Kelsey and William K. White, during the construction of the S.C.L&W. railway through the area. The construction of the line was to serve the cities of Frankfort, Crawfordsville and Terre Haute. In southern Montgomery County it passed through the communities of New Market, Waveland, Brownsvalley and Crawfordsville and Lake Holiday. The line was later sold to the Pennsylvania Railroad and abandoned in the 1970s. The post office at New Market has been in operation since 1872. In 1893, during the run-up to prohibition, citizens of New Market burned a saloon owned by Jake Feel; a second saloon, owned by Joe Haskins, was burned in December 1894. //reference Chicago Daily Tribune December 22, 1984, page 1, column 6 - "Burn a Saloon and Boast of It"//
Geography
New Market is located at . According to the 2010 census, New Market has a total area of, all land.
Demographics
2010 census
As of the census of 2010, there were 636 people, 238 households, and 179 families living in the town. The population density was. There were 257 housing units at an average density of. The racial makeup of the town was 99.1% White, 0.2% Asian, 0.6% from other races, and 0.2% from two or more races. Hispanic or Latino of any race were 0.9% of the population. There were 238 households of which 39.5% had children under the age of 18 living with them, 54.2% were married couplesliving together, 14.3% had a female householder with no husband present, 6.7% had a male householder with no wife present, and 24.8% were non-families. 21.4% of all households were made up of individuals and 7.2% had someone living alone who was 65 years of age or older. The average household size was 2.67 and the average family size was 3.08. The median age in the town was 36.5 years. 29.1% of residents were under the age of 18; 7.8% were between the ages of 18 and 24; 23.7% were from 25 to 44; 24.9% were from 45 to 64; and 14.6% were 65 years of age or older. The gender makeup of the town was 48.7% male and 51.3% female.
2000 census
As of the census of 2000, there were 659 people, 241 households, and 187 families living in the town. The population density was 2,059.2 people per square mile. There were 248 housing units at an average density of 774.9 per square mile. The racial makeup of the town was 100.00% White. Hispanic or Latino of any race were 0.15% of the population. There were 241 households out of which 41.5% had children under the age of 18 living with them, 66.8% were married couples living together, 9.1% had a female householder with no husband present, and 22.4% were non-families. 19.9% of all households were made up of individuals and 7.9% had someone living alone who was 65 years of age or older. The average household size was 2.73 and the average family size was 3.13. In the town, the population was spread out with 30.0% under the age of 18, 6.2% from 18 to 24, 31.3% from 25 to 44, 22.2% from 45 to 64, and 10.3% who were 65 years of age or older. The median age was 35 years. For every 100 females, there were 88.3 males. For every 100 females age 18 and over, there were 93.7 males. The median income for a household in the town was $45,385, and the median income for a family was $48,864. Males had a median income of $38,036 versus $21,563 for females. The per capita income for the town was $17,937. None of the families and 0.5% of the population were living below the poverty line, including no under eighteens and none of those over 64.
This climatic region has large seasonal temperature differences, with warm to hot summers and cold winters. The Köppen Climate Classification subtype for this climate is "Dfa".
