Real Estate Investing in Newport News, Virginia (23606)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23606 (Newport News, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 (23606)?
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Market Analysis: 23606 Newport News
Investors eyeing 23606 need to respect the fundamentals at play. Home values of $371K come alongside slower price movement and elevated management overhead.
The investment case in 23606 is solid only for operators who understand what they are buying. A $371K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 23606 sits on the difficult end of the VA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 23606 ZIP's population of 29,899 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 23606 is an operator game, not a passive one. Looking more closely, entry prices of $371K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Newport News:
Property Strategy for 23606
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $219,499 | $1,730 | 5.7% | +7.3% | $109,750 |
| 3BR | $326,658 | $2,400 | 5.3% | +6.9% | $108,886 |
| 4BR | $430,587 | $2,820 | 4.7% | +7.2% | $107,647 |
| 5BR | $574,336 | — | — | +7.3% | $114,867 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23606 Compare?
| Metric | 23606 | Newport News | Virginia |
|---|---|---|---|
| Home Value | $371,059 | $283,832 | $403,170 |
| 5-Year CAGR | 5.6% | 6.8% | 6.4% |
| Avg Rent | $1,699 | $1,563 | - |
| Cap Rate | 3.6% | 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 23606 (Newport News, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $371,059 |
| Monthly Rent | $1,699 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 23606
Population: 29,899
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 23606
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Watkins Early Childhood Center
B.C. Charles Elementary
Joseph H. Saunders Elementary
Kiln Creek Elementary
T. Ryland Sanford Elementary
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
Is VA a landlord-friendly state?
The landlord environment in Newport News, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is the working-renter base in Newport News, VA?
The renter base in Newport News, VA is reasonable for the $1,699/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is housing expensive in Newport News, VA?
Newport News, VA median home values land near $371K. That is reasonable territory for investors looking at $1,699/mo-per-month rentals.
What does house hacking look like in Newport News, VA?
For house hackers, Newport News, VA is a challenging. The $1,699/mo rent on a unit helps defray the mortgage on a $371K property.
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.
You know 23606 now. You don’t know where it ranks.
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How 23606 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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