Newport News, VA—23603
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 $265,000, with a year-over-year change of 0.2%. 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 | $265,000 | 0.2% |
| Single Family | $283,000 | 1.1% |
| Condos | $202,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | -1.4% |
3 Bed | $252,000 | -0.4% |
4 Bed | $399,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newport News, VA
As of July '25, Rentcast reports the average rent in Newport News, VA is $1,390, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Newport News, VA is 1-bedrooms: $1,120, 2-bedrooms: $1,480. The most common rental property sizes in Newport News, VA are 2-bedroom and 4-bedroom, accounting for 49.4% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,120 |
| 2 Bed Rent | $1,250 | $1,480 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 22. This is a decrease of -30.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 11.0% |
Listing Count | 13 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 22 | -30.0% |
Demographics — Newport News, VA
As of the latest ACS Survey released in 2023, Newport News, VA has a population of 3,430, which has decreased by -13.6% over the past 5 years. Newport News, VA is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,430 | -13.6% |
% Under 18 | 21.1% | -21.6% |
% Seniors | 12.3% | 75.7% |
% WFH | 10.5% | 162.5% |
% w/ College Degree | 31.1% | 57.9% |
As of the latest ACS Survey released in 2023, Newport News, VA is a predominantly white area, with 42.7% of the population identifying as white. The white population has grown by 5.2% in the last 5 years. The second most common race or ethnicity in Newport News, VA is black, making up 30.4% of the population. Foreign-born residents account for 5.4% of the population in Newport News, VA, and this percentage has decreased by 12.9% 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 | 42.7% | 5.2% |
% Black | 30.4% | -15.3% |
% Hispanic | 23.4% | 30.7% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 5.4% | -12.9% |
Mortgage and Risk — Newport News, VA
According to HUD data as of 2023, there were 50 mortgage originations in Newport News, VA, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Newport News, VA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Newport News, VA
Newport News, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,120 | $1,460 |
| 2 Bedroom | $420 | $1,250 | $1,670 |
| 3 Bedroom | N/A | N/A | $2,320 |
| 4 Bedroom | N/A | N/A | $2,770 |
Affordability — Newport News, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $265,000 |
| Median Household Income | $85,800 |