Real Estate Investing in Newport News, Virginia (23608)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23608 (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.
No major risk flags on the data we track.
What’s happening in Newport News, VA (23608)?
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Market Analysis: 23608 Newport News
ZIP 23608 in Newport News, VA carries a substantial set of headwinds. Home values near $308K and rents of $1,588/mo sit inside a market where underwriting has to be tight.
Rent of $1,588/mo on a $308K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23608 sits below the stated 0.0% once reality is priced in.
Meanwhile, 23608 offers a low basis, the region around Newport News has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 23608 includes headwinds that any investor should price in. Income distribution skews lower than Newport News averages, and tenant stability requires active management.
leans 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 23608
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $175,918 | $1,620 | 6.6% | +12.3% | $87,959 |
| 3BR | $277,633 | $2,250 | 5.8% | +8.1% | $92,544 |
| 4BR | $346,238 | $2,640 | 5.5% | +7.1% | $86,559 |
| 5BR | $397,463 | — | — | +7.2% | $79,493 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23608 Compare?
| Metric | 23608 | Newport News | Virginia |
|---|---|---|---|
| Home Value | $307,678 | $283,832 | $403,170 |
| 5-Year CAGR | 6.2% | 6.8% | 6.4% |
| Avg Rent | $1,588 | $1,563 | - |
| Cap Rate | 4.0% | 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 23608 (Newport News, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $307,678 |
| Monthly Rent | $1,588 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 23608
Population: 43,841
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 23608
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
What price range are homes in Newport News, VA?
Median home price in Newport News, VA is near $308K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What do rentals go for in Newport News, VA?
Rental rates in Newport News, VA average $1,588/mo. Tenant demand and $308K home values make the yield look reasonable by investor standards.
How deep is the rental pool in Newport News, VA?
Expect a solid tenant pool in Newport News, VA. The rental market absorbs $1,588/mo rents without meaningful friction.
Are eviction rules reasonable in Newport News, VA?
Newport News, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is real estate in Newport News, VA a good investment right now?
Newport News, VA scores 3.0/5 for investability. Home values sit at $308K and rents near $1,588/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 23608 now. You don’t know where it ranks.
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How 23608 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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