Mortgage Rates in Newport News, Virginia — March 2026
Updated March 2026 | Based on Newport News market data and regional lending conditions
Newport News is a growing city in Virginia with a population of 186,247. The current 30-year fixed mortgage rate in Newport News is 6.67%, which is 0.02% above the national average. With a median home price of $235,000 and a 20% down payment of $47,000, homebuyers can expect a monthly principal and interest payment of approximately $1,209.
Current Mortgage Rates in Newport News, VA
Below are the current average mortgage rates available in the Newport News area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Newport News Housing Market Overview
The Newport News housing market offers relatively affordable housing compared to many major cities. The median household income in Newport News is $52,825, and the cost of living index is 93.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $58,543 to comfortably afford the median-priced home in Newport News, which exceeds the current median household income.
Monthly Payment Breakdown for Newport News
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in Newport News:
15-Year vs. 30-Year Mortgage in Newport News
Choosing a 15-year mortgage in Newport News at 5.91% instead of a 30-year at 6.67% would save you $151,380 in total interest over the life of the loan. However, your monthly payment would be $1,577 instead of $1,209 — an increase of $368 per month.
Calculate Your Newport News Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Newport News
What are the current mortgage rates in Newport News, VA?
As of March 2026, the average 30-year fixed mortgage rate in Newport News, Virginia is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Newport News?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in Newport News is $1,209 for principal and interest. Including property taxes of $157/month, the total monthly housing cost is approximately $1,366.
What income do I need to buy a home in Newport News?
Using the 28% rule, you would need an annual income of approximately $58,543 to afford the median-priced home in Newport News at $235,000. The median household income in Newport News is $52,825. This means most households would need to either earn above the median or consider homes below $235,000.
Is Newport News a good place to buy a home in 2026?
Newport News offers a below-average cost of living with a cost of living index of 93.5 (national average = 100). The property tax rate in Virginia is 0.8%, which is below the national average. Newport News has a population of 186,247 and offers a very affordable lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Newport News, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.