Zip 23605 (Newport News, VA) Housing

The housing market in 23605 Newport News, VA is thriving. The median value of a house in this area is $197,600, which is significantly lower than the US median of $338,100. However, a 1 year house appreciation rate for 23605 Newport News is 12.39%, which is much higher than the US average of 8.27%. This suggests that home values are rising quickly in this area and presents an excellent opportunity for potential buyers or investors.

The median home cost in Newport News (zip 23605) is $197,600. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News (zip 23605) is up 16.3%.

Average Age of Homes

- The median age of Newport News (zip 23605) real estate is 52 years old

The Rental Market in Newport News (zip 23605)

- Renters make up 46.5% of the Newport News (zip 23605) population
- 6.1% of houses and apartments in Newport News (zip 23605), 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
	7,113.0	139,647,020.0
	54	42
	$197,600	$338,100
	16.3%	16.6%
	45.1%	57.0%
	50.6%	101.1%
	$12.01	$10.98
	$1,730	$2,690
	38.7%	57.4%
	10.1%	11.2%
	51.1%	31.4%
Vacant Housing
	6.1%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.7%	0.4%
	0.1%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	1.5%	2.4%
	0.1%	2.8%
	0.4%	3.9%
	4.8%	4.5%
	42.5%	11.3%
	25.4%	13.0%
	14.3%	20.1%
	0.3%	13.6%
	0.0%	8.3%
	3.1%	9.7%
	1.2%	3.9%
	0.3%	2.2%
	0.3%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	13.4%	13.6%
	13.0%	13.2%
	8.5%	14.8%
	13.4%	13.6%
	22.3%	10.0%
	13.0%	4.7%
	1.1%	12.2%

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