Newport News, VA—23606
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 $354,000, with a year-over-year change of 1.5%. This indicates that home prices in Newport News, VA are increasing. 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 | $354,000 | 1.5% |
| Single Family | $359,000 | 1.7% |
| Condos | $236,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | 0.0% |
3 Bed | $327,000 | 1.6% |
4 Bed | $431,000 | 3.1% |
| 5 Bed | $574,000 | 2.9% |
% of Housing Stock
Rental Trends — Newport News, VA
As of July '25, Rentcast reports the average rent in Newport News, VA is $1,930, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Newport News, VA is studios: $1,600, 1-bedrooms: $1,300, 2-bedrooms: $1,510, 3-bedrooms: $2,100, 4-bedrooms: $2,280. The most common rental property sizes in Newport News, VA are 2-bedroom and 1-bedroom, accounting for 49.2% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,930 |
| Studio Rent | $1,520 | $1,600 |
| 1 Bed Rent | $1,240 | $1,300 |
| 2 Bed Rent | $1,360 | $1,510 |
| 3 Bed Rent | $2,180 | $2,100 |
| 4 Bed Rent | $2,400 | $2,280 |
% 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 52. This is a increase of 53.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $393,000 | 8.0% |
Listing Count | 45 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 52 | 53.0% |
Demographics — Newport News, VA
As of the latest ACS Survey released in 2023, Newport News, VA has a population of 29,900, which has increased by 4.6% over the past 5 years. Newport News, VA is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,900 | 4.6% |
% Under 18 | 20.2% | 9.2% |
% Seniors | 14.6% | 16.8% |
% WFH | 10.3% | 221.9% |
% w/ College Degree | 38.5% | 12.2% |
As of the latest ACS Survey released in 2023, Newport News, VA is a predominantly white area, with 56.3% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Newport News, VA is black, making up 23.3% of the population. Foreign-born residents account for 9.5% of the population in Newport News, VA, and this percentage has increased by 53.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.3% | -8.3% |
% Black | 23.3% | -2.1% |
% Hispanic | 12.7% | 36.6% |
% Asian | 2.8% | 21.7% |
% Foreign Born | 9.5% | 53.2% |
Mortgage and Risk — Newport News, VA
According to HUD data as of 2023, there were 348 mortgage originations in Newport News, VA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Newport News, VA. Investor activity is low, as 2.0% 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 | 348 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 10.5%. This is considered low, suggesting that the neighborhood is sparsely 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 | 927 |
Total Units Section 8 | 715 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,240 | $1,450 |
| 2 Bedroom | $300 | $1,360 | $1,660 |
| 3 Bedroom | $130 | $2,180 | $2,310 |
| 4 Bedroom | $350 | $2,400 | $2,750 |
Affordability — Newport News, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $354,000 |
| Median Household Income | $69,900 |