Real Estate Investing in Newport News, Virginia (23601)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23601 (Newport News, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Newport News, VA (23601)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23601 Newport News
The 23601 ZIP in Newport News, VA is a local-operator market. Outside capital chasing a $299K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23601 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 23601 and stronger Newport News ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 23601 ZIP's population of 26,557 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 23601 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Newport News:
Property Strategy for 23601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,975 | $1,450 | 4.9% | +5.0% | $105,488 |
| 3BR | $277,339 | $2,010 | 5.2% | +7.5% | $92,446 |
| 4BR | $338,275 | $2,370 | 5.0% | +6.7% | $84,569 |
| 5BR | $412,996 | — | — | +7.1% | $82,599 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23601 Compare?
| Metric | 23601 | Newport News | Virginia |
|---|---|---|---|
| Home Value | $298,702 | $283,832 | $403,170 |
| 5-Year CAGR | 5.9% | 6.8% | 6.4% |
| Avg Rent | $1,464 | $1,563 | - |
| Cap Rate | 3.8% | 4.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23601 (Newport News, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $298,702 |
| Monthly Rent | $1,464 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23601
Population: 26,557
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23601
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hidenwood Elementary
Richard T. Yates Elementary
Riverside Elementary
Ethel M. Gildersleeve Middle
Newport News & York County Governor's Health Science Academy
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,158 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do landlord-tenant laws work in Newport News, VA?
Landlord-friendliness in Newport News, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Which investment style suits Newport News, VA?
Most investors in Newport News, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much does a house cost in Newport News, VA?
The median home value in Newport News, VA is roughly $299K. That puts it reasonable relative to the VA statewide average.
Can I live-in-and-rent in Newport News, VA?
Newport News, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $299K price point reasonable to enter.
How qualified is the tenant pool in Newport News, VA?
Working renters make up the core of the Newport News, VA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 23601 now. You don’t know where it ranks.
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How 23601 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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