Zip 23602 (Newport News, VA) Housing

The housing median value in 23602 Newport News, VA is $273,900, which is much lower than the US house median value of $338,100. However, while the US 1 year house appreciation rate was 8.27%, the 1 year appreciation rate in 23602 Newport News, VA was 12.39%. This suggests that the housing market in 23602 Newport News, VA is experiencing a stronger than average growth rate compared to the rest of the United States. Therefore, it could be an attractive area for those looking to invest in real estate or buy a home.

The median home cost in Newport News (zip 23602) is $273,900. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News (zip 23602) is up 16.3%.

Average Age of Homes

- The median age of Newport News (zip 23602) real estate is 35 years old

The Rental Market in Newport News (zip 23602)

- Renters make up 37.0% of the Newport News (zip 23602) population
- 2.3% of houses and apartments in Newport News (zip 23602), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Newport News, Virginia	United States
	18,639.0	139,647,020.0
	37	42
	$273,900	$338,100
	16.3%	16.6%
	45.1%	57.0%
	50.6%	101.1%
	$11.34	$10.98
	$2,515	$2,690
	48.7%	57.4%
	4.8%	11.2%
	46.4%	31.4%
Vacant Housing
	2.3%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	1.0%	0.4%
	0.2%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	1.3%	2.4%
	0.2%	2.8%
	1.2%	3.9%
	2.8%	4.5%
	7.1%	11.3%
	24.9%	13.0%
	40.4%	20.1%
	15.2%	13.6%
	2.9%	8.3%
	1.1%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.6%	13.6%
	11.6%	13.6%
	21.2%	13.6%
	19.0%	13.2%
	20.9%	14.8%
	21.2%	13.6%
	4.2%	10.0%
	0.6%	4.7%
	1.0%	12.2%

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