There are currently 47,857 real estate properties in Newport News, VA, with a median automated valuation model (AVM) price of $217,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newport News, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Newport News, VA, is $230,791.00, with the most expensive house in Newport News, VA, topping out at $15,000,000.00 and the cheapest home in Newport News, VA, clocking in at $16,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Newport News, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newport News, VA, is on a rollercoaster ride. The average rent price in Newport News, VA, is $1,452.00. Indeed, when looking to rent in Newport News, VA, you can expect to pay as little as $620.00 or as much as $5,140.00, with the average rent median estimated to be $1,410.00. The good news is that finding an affordable and desirable property to rent in Newport News, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Newport News, VA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Newport News, VA and much more. Save thousands at closing with home foreclosure listings in Newport News, VA — up to 75% off market value!
Newport News is located in Newport News, Virginia, with an estimated municipal population of 179,225 residents. All of the best foreclosed homes for sale in Newport News are located in the following zip code areas on Foreclosure.com: 23601 23603 23608 23604 23605 23606 23607 23602 23609 23612 23628 23630. The estimated population per square kilometer (.62 miles) in Newport News is 1,002.
So, about how much do homes cost in Newport News? The most recent median value of resident-owned homes in Newport News is 192,485. An estimated 48.9 percent of households in Newport News own their homes, with an average family size of 3.12. The median household income in Newport News is 53,215, with20 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Newport News, the median commute time of resident workers (in minutes) is 23.3. And last, but certainly not least, are you looking for homes to rent in Newport News? If so, the average rent price paid by renters in Newport News is 1,057, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Newport News, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Newport News is 33.5, split between 48.3 percent male versus 51.7 female. The percentage of residents who report being married in Newport News is 40.4, with an average family size of 3.12.
The percentage of residents who report their race in Newport News is as follows:
|Black / African American||41.1%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Newport News? Or maybe you are searching for 55+ active adult communities in and/or near Newport News?
The percentage of residents who report their age in Newport News is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Newport News with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Newport News.
How do you know that living in -- or moving to -- Newport News is right where you need to be? Perhaps you grew up in Newport News or already live nearby; therefore, the decision to buy a home in Newport News is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Newport News for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Newport News:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Newport News.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Newport News can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Newport News, meanwhile, can field multiple offers from more qualified buyers.
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