Real Estate Investing in Newport News, Virginia (23607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23607 (Newport News, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 14.1% of homes vacant — above national norms.
- Elevated poverty: 27.3% poverty rate — can affect rent collection.
- Lower household income: $39,139 median — tenant affordability is tighter.
What’s happening in Newport News, VA (23607)?
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Market Analysis: 23607 Newport News
Investors eyeing 23607 need to respect the fundamentals at play. Home values of $186K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 23607 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Stepping back, 23607 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.
Who lives in 23607 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 23607 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 23607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $138,517 | $1,400 | 7.3% | +15.7% | $69,259 |
| 3BR | $176,357 | $1,940 | 7.9% | +13.0% | $58,786 |
| 4BR | $218,466 | $2,290 | 7.5% | +11.6% | $54,616 |
| 5BR | $271,535 | — | — | +10.5% | $54,307 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23607 Compare?
| Metric | 23607 | Newport News | Virginia |
|---|---|---|---|
| Home Value | $185,731 | $283,832 | $403,170 |
| 5-Year CAGR | 10.8% | 6.8% | 6.4% |
| Avg Rent | $1,523 | $1,563 | - |
| Cap Rate | 6.4% | 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 23607 (Newport News, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,731 |
| Monthly Rent | $1,523 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 17.2% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +10.8% ▲ |
| 10-Year CAGR | +11.0% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23607
Population: 23,028
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 23607
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Huntington Middle
A.W.E. Bassette Elementary
C. Alton Lindsay Middle
Crittenden Middle
Achievable Dream Middle/High
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 2,465 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Newport News, VA a good place for real estate investing?
Newport News, VA scores 4.0/5 for investability. Home values sit at $186K and rents near $1,523/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How should investors approach Newport News, VA?
The best-fit strategy in Newport News, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What monthly rent should investors expect in Newport News, VA?
Expect rents around $1,523/mo per month in Newport News, VA. With home values at $186K, the yield math works out to reasonable levels for rental investors.
What are vacancy rates like in Newport News, VA?
Expect elevated vacancy in Newport News, VA. Rents at $1,523/mo are absorbed by the tenant base without meaningful lag.
How strong is tenant demand in Newport News, VA?
The renter base in Newport News, VA is reasonable for the $1,523/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 23607 now. You don’t know where it ranks.
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How 23607 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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