Newport News, VA—23601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newport News, VA
As of Oct '25, the median home price in Newport News, VA is $286,000, with a year-over-year change of 0.8%. This indicates that home prices in Newport News, VA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 0.8% |
| Single Family | $287,000 | 1.1% |
| Condos | $178,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $211,000 | -1.4% |
3 Bed | $277,000 | 0.7% |
4 Bed | $338,000 | 1.2% |
| 5 Bed | $413,000 | 2.0% |
% of Housing Stock
Rental Trends — Newport News, VA
As of July '25, Rentcast reports the average rent in Newport News, VA is $1,530, with a year-over-year rent change of -12.1%. Per bedroom, the median rent as of July '25 in Newport News, VA is studios: $995, 1-bedrooms: $1,130, 2-bedrooms: $1,170, 3-bedrooms: $1,880, 4-bedrooms: $2,330. The most common rental property sizes in Newport News, VA are 2-bedroom and 1-bedroom, accounting for 45.5% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,530 |
| Studio Rent | $995 | $995 |
| 1 Bed Rent | $1,080 | $1,130 |
| 2 Bed Rent | $1,080 | $1,170 |
| 3 Bed Rent | $1,850 | $1,880 |
| 4 Bed Rent | $2,200 | $2,330 |
% of Rental Stock
Property Listings — Newport News, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Newport News, VA is 36. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 52.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $318,000 | -1.0% |
Listing Count | 61 | 14.0% |
| Listings as % of Homes | 0.2% | 14.0% |
Days on Market | 36 | 0.0% |
Demographics — Newport News, VA
As of the latest ACS Survey released in 2023, Newport News, VA has a population of 26,600, which has increased by 3.8% over the past 5 years. Newport News, VA is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | 3.8% |
% Under 18 | 24.9% | 19.1% |
% Seniors | 15.1% | -2.6% |
% WFH | 14.3% | 361.3% |
% w/ College Degree | 27.6% | 1.8% |
As of the latest ACS Survey released in 2023, Newport News, VA is a predominantly white area, with 51.4% of the population identifying as white. The white population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in Newport News, VA is black, making up 38.1% of the population. Foreign-born residents account for 5.1% of the population in Newport News, VA, and this percentage has decreased by 20.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.4% | -12.9% |
% Black | 38.1% | 24.1% |
% Hispanic | 5.4% | 45.9% |
% Asian | 0.6% | -85.4% |
% Foreign Born | 5.1% | -20.3% |
Mortgage and Risk — Newport News, VA
According to HUD data as of 2023, there were 545 mortgage originations in Newport News, VA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Newport News, VA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 545 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Newport News, VA
As of 2024, the percent of homes in Newport News, VA under the Section 8 program is 16.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Newport News, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,038 |
Total Units Section 8 | 1,023 |
% Rentals under Section 8 | 16.7% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,080 | $1,230 |
| 2 Bedroom | $330 | $1,080 | $1,410 |
| 3 Bedroom | $110 | $1,850 | $1,960 |
| 4 Bedroom | $140 | $2,200 | $2,340 |
Affordability — Newport News, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $286,000 |
| Median Household Income | $71,300 |