Newport News, VA—23605
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 $223,000, with a year-over-year change of 1.8%. This indicates that home prices in Newport News, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 1.8% |
| Single Family | $223,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $179,000 | 2.3% |
3 Bed | $229,000 | 1.8% |
4 Bed | $280,000 | 2.2% |
| 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 $1,580, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Newport News, VA is studios: $600, 1-bedrooms: $1,070, 2-bedrooms: $1,200, 3-bedrooms: $1,850, 4-bedrooms: $2,070. The most common rental property sizes in Newport News, VA are 2-bedroom and 1-bedroom, accounting for 48.8% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,580 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $930 | $1,070 |
| 2 Bed Rent | $1,050 | $1,200 |
| 3 Bed Rent | $1,700 | $1,850 |
| 4 Bed Rent | $2,000 | $2,070 |
% 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 42. This is a increase of 28.0% 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 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 | $252,000 | -1.0% |
Listing Count | 31 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 42 | 28.0% |
Demographics — Newport News, VA
As of the latest ACS Survey released in 2023, Newport News, VA has a population of 13,300, which has decreased by -4.0% over the past 5 years. Newport News, VA is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -4.0% |
% Under 18 | 20.7% | -3.7% |
% Seniors | 14.5% | 14.2% |
% WFH | 7.1% | 373.3% |
% w/ College Degree | 17.5% | 42.3% |
As of the latest ACS Survey released in 2023, Newport News, VA is a predominantly black area, with 59.6% of the population identifying as black. The black population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Newport News, VA is white, making up 25.1% of the population. Foreign-born residents account for 5.1% of the population in Newport News, VA, and this percentage has decreased by 7.3% 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 | 25.1% | -28.3% |
% Black | 59.6% | 4.6% |
% Hispanic | 7.9% | 61.2% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 5.1% | -7.3% |
Mortgage and Risk — Newport News, VA
According to HUD data as of 2023, there were 175 mortgage originations in Newport News, VA, of which 47.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 54.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 175 |
% Conventional Loans | 47.0% |
% Government Loans | 53.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
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 15.1%. 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 | 611 |
Total Units Section 8 | 611 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $930 | $1,250 |
| 2 Bedroom | $380 | $1,050 | $1,430 |
| 3 Bedroom | $290 | $1,700 | $1,990 |
| 4 Bedroom | $370 | $2,000 | $2,370 |
Affordability — Newport News, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $223,000 |
| Median Household Income | $52,900 |