The housing market in 23608 Newport News, VA is booming! The median value for a house in this area is $266,600, which is significantly lower than the US house median value of $338,100. This makes the 23608 Newport News area an attractive option for potential buyers who are looking for good value for their money. The one year house appreciation rate in the US is 8.27%, but it's even higher in the 23608 Newport News area at 12.39%. This indicates that buying a home in this area now could be a smart financial decision given its promising appreciation rate.
The median home cost in Newport News (zip 23608) is $266,600. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News (zip 23608) is up 16.3%.
Average Age of Homes
- The median age of Newport News (zip 23608) real estate is 33 years old
The Rental Market in Newport News (zip 23608)
- Renters make up 45.2% of the Newport News (zip 23608) population
- 4.0% of houses and apartments in Newport News (zip 23608), 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.