Welcome to our 23603 real estate data hub, tailored for investors in Newport News, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 23603 in Newport News, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in NEWPORT NEWS CITY.
Leverage our comprehensive, zip code-specific data to excel in Newport News, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Newport News property market.
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Location Overview
- Zip Code: 23603
- City: Newport News
- State: VA
- Metro Area: Virginia Beach-Norfolk-Newport News, VA-NC
- County Name: NEWPORT NEWS CITY
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Real Estate Market Snapshot
- Average Home Price (All Types): $249,173
- Average Home Price (Single Family Homes): $273,032
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: -0.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,310
- Average 3 Bedroom Section 8 Rental Rates: $1,830
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 15.85
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.35
- Number of Units Offered in Section 8 in the County: 2593
- Number of Occupied Units in Section 8 in the County: 2458
- Percentage of Section 8 Units Occupied in the County: 94.80000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): Not Available
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.97%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.58%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.55%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.25%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.84%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 14.17%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.15%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%