Real Estate Investing in Newport News, Virginia (23603)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23603 (Newport News, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
What’s happening in Newport News, VA (23603)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23603 Newport News
The 23603 ZIP covers a section of Newport News that demands careful diligence. Prices near $278K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $278K asset, 23603 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 23603's metrics run below Newport News City's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Put differently, 3,428 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Newport News:
Property Strategy for 23603
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,490 | $1,700 | 5.7% | +9.0% | $106,745 |
| 3BR | $251,769 | $2,360 | 6.7% | +7.7% | $83,923 |
| 4BR | $399,144 | $2,780 | 5.0% | +7.3% | $99,786 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23603 Compare?
| Metric | 23603 | Newport News | Virginia |
|---|---|---|---|
| Home Value | $277,801 | $283,832 | $403,170 |
| 5-Year CAGR | 5.9% | 6.8% | 6.4% |
| Avg Rent | $1,500 | $1,563 | - |
| Cap Rate | 4.2% | 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 23603 (Newport News, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,801 |
| Monthly Rent | $1,500 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 23603
Population: 3,428
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 23603
Schools in This ZIP Code
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 does Newport News, VA rate as a rental market?
Newport News, VA scores 3.0/5 for investability. Home values sit at $278K and rents near $1,500/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the rental occupancy rate in Newport News, VA?
Newport News, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What real estate strategy is ideal for Newport News, VA?
For Newport News, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What price range are homes in Newport News, VA?
Median home price in Newport News, VA is near $278K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What monthly rent should investors expect in Newport News, VA?
Average rent in Newport News, VA is approximately $1,500/mo per month. Against $278K home values that yields a reasonable rent-to-price ratio.
You know 23603 now. You don’t know where it ranks.
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How 23603 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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