Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Newport News city
184,774 residents164 permits TTM$66,718 median HHI8 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$243,300
ACS 5-Year
Cap rate proxy
8.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
23.1%
HUD FMR ÷ ACS HHI
Net migration
+2.69%
IRS SOI
Permits (TTM)
164
Census BPS
Climate risk
72.2
FEMA NRI (0–100)
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 23604 | $243,300county est. | $2,200 | 10.9% | 6.3% | 41.6% |
| 23605 | $223,665 | $1,450 | 7.8% | 8.1% | -5.5% |
| 23603 | $267,638 | $1,700 | 7.6% | 5.7% | 24.4% |
| 23607 | $178,482 | $1,400 | 9.4% | 10.8% | -16.6% |
| 23602 | $306,410 | $1,810 | 7.1% | 6.5% | 7.1% |
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Demographics
Owner-occupied
48.1%
Census ACS
Vacancy rate
7.4%
Census ACS
Bachelor's degree +
29.1%
Census ACS
Rent burdened
48.7%
Census ACS (>30% income)
Median age
34.2
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026