Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Newport News City

Learn about the people, housing, costs and businesses in Newport News City

Median Home$247,359
Median Rent$1,415/month
Population184,216
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education12% healthcare
Home Value Growth⬆⬆+14.6% over 2 years
Young Adults35% of residentstop 5% nationally
Renters52% of occupied units
NotableVeteran Community13% of residents · top 3% nationally
NotableAmenity Score70/100 · highly walkable area
Newport News City
VA

Frequently Asked Questions

What are today's mortgage rates in Newport News City?

Mortgage rates for Newport News City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Newport News City
What is the median home price in Newport News City?

The median home value in Newport News City is $247k. The median monthly rent is $1,415. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newport News City?

Home values in Newport News City have increased 14.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Newport News City?

Based on a typical all-in ownership cost of $1,412/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newport News City is $71k/year.

Calculate your buying power
What industries drive the economy in Newport News City?

The largest employment sectors in Newport News City are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Adjacent counties and areas