Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Newport News

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

Median Home$245,388
Median Rent$1,403/month
Population184,216
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services13% healthcare
Home Value Growth⬆⬆+15.0% over 2 years
Young Adults33% of residentswell above average
Renters52% of occupied units
NotableAmenity Score73/100 · highly walkable area
Newport News
VA

Frequently Asked Questions

What are today's mortgage rates in Newport News?

As of today, the 30-year fixed mortgage rate for Newport News is approximately 6.880% (6.915% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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

The median home value in Newport News is $245k. The median monthly rent is $1,403. 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?

Home values in Newport News have increased 15.0% 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?

Based on a typical all-in ownership cost of $1,402/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newport News is $70k/year.

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

The largest employment sectors in Newport News are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.