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Newington Forest

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

Median Home$597,840
Median Rent$2,920/month
Population12,311
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services23% healthcare
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults27% of residentsnear the national average
Homeowners89% of occupied units
NotableHigh Incomes$154k/year · top 3% nationally
NotableHighly Educated31% bachelor's · 23% graduate · top 7% nationally
Newington Forest
VA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Newington Forest?

As of today, the 30-year fixed mortgage rate for Newington Forest is approximately 6.836% (6.870% 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 Forest?

The median home value in Newington Forest is $598k. The median monthly rent is $2,920. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newington Forest?

Home values in Newington Forest have increased 14.7% 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 Forest?

Based on a typical all-in ownership cost of $2,326/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $100k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newington Forest is $154k/year.

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What industries drive the economy in Newington Forest?

The largest employment sectors in Newington Forest are healthcare (23%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.