Home Values in Newport News, Virginia — 2026 Market Report
Updated March 2026 | Balanced Market | +3.4% YoY
The median home value in Newport News, Virginia is $235,000 as of March 2026, which is below the national median of $400,000. Home values in Newport News have increased by 3.4% over the past year and 18.2% over the last five years. With a population of 186,247 and a median household income of $52,825, the price-to-income ratio stands at 4.4x, making Newport News affordable for the average household.
Newport News Housing Market Conditions
| Metric | Newport News | National Avg |
|---|---|---|
| Median Home Value | $235,000 | $400,000 |
| YoY Appreciation | +3.4% | +3.8% |
| 5-Year Appreciation | +18.2% | +22.4% |
| Price per Sq Ft | $119 | $222 |
| Days on Market | 47 days | 45 days |
| Months of Supply | 3.3 | 3.5 |
| List-to-Sale Ratio | 96.6% | 98.5% |
| Monthly Homes Sold | 122 | — |
| Foreclosure Rate | 0.41% | 0.3% |
Home Value Trends in Newport News
A homeowner who purchased at the median price of $198,816 five years ago in Newport News would have gained approximately $36,184 in equity, representing a 18.2% return on investment. Over the past year alone, the typical homeowner gained $7,727 in home equity.
Affordability in Newport News, VA
With a median household income of $52,825 and a median home price of $235,000, the price-to-income ratio in Newport News is 4.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,510 compared to estimated monthly ownership costs of $1,273 gives a rent-vs-buy ratio of 0.84. In Newport News, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Newport News
The effective property tax rate in Virginia is 0.8%. On a home valued at $235,000, the estimated annual property tax bill is $1,880, or approximately $157/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Newport News is 93.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Newport News, VA?
The median home value in Newport News, Virginia is $235,000 as of March 2026. Home values have changed +3.4% over the past year, with a 5-year appreciation of 18.2%.
Is Newport News a buyer's or seller's market?
Newport News is currently a balanced market with 3.3 months of housing supply. Homes spend an average of 47 days on market, and the list-to-sale price ratio is 96.6%. Supply and demand are relatively balanced.
Are home values going up in Newport News?
Yes, home values in Newport News have increased by 3.4% over the past year. The 5-year appreciation rate is 18.2%, meaning a home worth $198,816 five years ago is now worth $235,000.
Is it better to rent or buy in Newport News?
The average monthly rent in Newport News is $1,510, while estimated monthly homeownership costs are approximately $1,273. The price-to-rent ratio is 13. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Newport News, Virginia is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.