The housing market in 23603 Newport News, VA is an attractive option for potential buyers. The median value of homes in this area is $259,800, significantly less than the US median value of $338,100. In addition, the one-year house appreciation rate in 23603 Newport News, VA is 12.39%, which is higher than the US average of 8.27%. This means that properties in this area have seen a significant increase in their values over the past year and are expected to continue to appreciate in price. Given these factors, it makes sense for potential buyers to consider investing their money into real estate here.
The median home cost in Newport News (zip 23603) is $259,800. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News (zip 23603) is up 16.3%.
Average Age of Homes
- The median age of Newport News (zip 23603) real estate is 33 years old
The Rental Market in Newport News (zip 23603)
- Renters make up 47.8% of the Newport News (zip 23603) population
- 4.2% of houses and apartments in Newport News (zip 23603), 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.