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Newport News city Housing Market

Virginia · 133 counties · Ranked #2316 in home value

Below National Avg

Housing at a Glance

Median Home Value

$243,300

vs national$243,300 vs $281,900 national

Median Gross Rent

$1,285/mo

vs national+$1,285 vs $1,163 national

Effective Tax Rate

1.03%

vs national+1.03% vs 1.02% national

Median Household Income

$66,718

vs national$66,718 vs $74,755 national

Affordability Ratio

3.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,507

Tax as % of Home Value

1.03%

Monthly Owner Cost

$1,409

Renter Income

$51,397

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Frequently Asked Questions

What is the median home value in Newport News city?

The median home value in Newport News city is $243,300. This is below the national median of $281,900.

How much is rent in Newport News city?

The median gross rent in Newport News city is $1,285 per month.

What is the property tax rate in Newport News city?

The effective property tax rate in Newport News city is 1.03%. The median annual property tax bill is $2,507.

Is Newport News city affordable?

With a home-value-to-income ratio of 3.6x, Newport News city is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.