The housing market in 23607 Newport News, VA is performing well compared to the US median value of $338,100. The median value in 23607 Newport News is $147,500, and it has had a 1 year appreciation rate of 12.39%, which is higher than the national average of 8.27%. This indicates that homeowners in this area are likely to be seeing an increase in value for their homes. With these positive results, now could be an excellent time to buy or invest in property in this area.
The median home cost in Newport News (zip 23607) is $147,500. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Newport News (zip 23607) is up 16.3%.
Average Age of Homes
- The median age of Newport News (zip 23607) real estate is 60 years old
The Rental Market in Newport News (zip 23607)
- Renters make up 52.6% of the Newport News (zip 23607) population
- 6.6% of houses and apartments in Newport News (zip 23607), 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.