Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Newport News city
ZIP 23605
184,774 residents164 permits TTM$66,718 median HHI8 ZIP codesUpdated April 16, 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 23605
Median home value
$243,300
Gross yield
7.2%
Buy Box score
0.9
Section 8 gap
12.8%
Affordability
P/I: 3.4R/I: 27.3%
Section 8 detail
SAFMR: $1,450Rent: $1,285Gap: 12.8%
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 23604 | $243,300 | $2,200 | 10.9% | 1.0 | 71.2% |
| 23607 | $243,300 | $1,400 | 6.9% | 1.0 | 8.9% |
| 23605 | $243,300 | $1,450 | 7.2% | 0.9 | 12.8% |
| 23603 | $243,300 | $1,700 | 8.4% | 0.9 | 32.3% |
| 23602 | $243,300 | $1,810 | 8.9% | 0.9 | 40.9% |
| 23608 | $243,300 | $1,620 | 8.0% | 0.8 | 26.1% |
| 23606 | $243,300 | $1,730 | 8.5% | 0.7 | 34.6% |
| 23601 | $243,300 | $1,450 | 7.2% | 0.7 | 12.8% |
Sort by any column. Click a ZIP for detail.
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 16, 2026