Housing in Newport News, VA is currently quite valuable, with the median value of homes reaching $256,900. This is significantly less than the US median home value of $338,100, however the appreciation rate of homes in Newport News is higher than the national average; over the past year, homes have appreciated by 12.39%, compared to 8.27% nationwide. This indicates that housing in Newport News is a great investment for those looking to purchase a home.
The median home cost in Newport News is $256,900. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News is up 16.3%.
Average Age of Homes
- The median age of Newport News real estate is 40 years old
The Rental Market in Newport News
- Renters make up 44.3% of the Newport News population
- 3.6% of houses and apartments in Newport News, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.