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Newington

Learn about the people, housing, costs and businesses in Newington, Virginia

Median Home$593,414
Median Rent$2,778/month
Population13,536
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services28% healthcare
Home Value Growth⬆⬆+12.4% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$166k/year · top 3% nationally
NotableHighly Educated31% bachelor's · 25% graduate · top 7% nationally
Newington
VA

Frequently Asked Questions

What are today's mortgage rates in Newington?

As of today, the 30-year fixed mortgage rate for Newington is approximately 6.833% (6.867% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Newington?

The median home value in Newington is $593k. The median monthly rent is $2,778. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newington?

Home values in Newington have increased 12.4% 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 Newington?

Based on a typical all-in ownership cost of $2,653/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $114k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newington is $166k/year.

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What industries drive the economy in Newington?

The largest employment sectors in Newington are healthcare (28%) and arts, food, and hospitality (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.