The housing market in Newport News city, VA County is on the rise. The median value of homes in the area is currently $256,400, which is significantly lower than the US House Median Value of $338,100. Despite this difference in median value, however, Newport News city has seen an increase in house appreciation over the past year with a 8.59% increase compared to the national 1 year House Appreciation of 8.27%. This upward trend is reflective of the larger real estate market and bodes well for homeowners looking to invest in or already living in Newport News city.
The median home cost in Newport News City County is $256,400. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News City County is up 16.3%.
Average Age of Homes
- The median age of Newport News City County real estate is 40 years old
The Rental Market in Newport News City County
- Renters make up 44.3% of the Newport News City County population
- 3.6% of houses and apartments in Newport News City County, 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.