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Newport News city, VA

RANK #234 / 996  ·  POP 185,118  ·  VA

PROJECTED GROWTH: +1.9%

Newport News city combines solid growth with real affordability — a rare combination.

[01] Why Newport News city?

Newport News, Virginia, holds the distinction of being one of the oldest English place names in the New World, with "Newportes Newes" appearing in records as early as 1619. Located on the Virginia Peninsula where the James River meets the Chesapeake Bay, it is approximately an hour from Richmond and Virginia Beach, and less than 30 minutes from Norfolk and Williamsburg. Commuting is primarily car-dependent, though Hampton Roads Transit offers bus services and an on-demand microtransit option. The city boasts extensive outdoor recreation, including Newport News Park, one of the largest municipal parks east of the Mississippi River, offering hiking, biking, fishing, and camping.

Life in Newport News offers a blend of urban amenities and a quieter pace, appealing to families and those seeking affordability. The local economy is significantly shaped by its historical ties to shipbuilding and maritime industries, including a major shipbuilding company and a U.S. Navy presence. Recent economic development efforts focus on broadening the economy through attracting investment in various sectors, including advanced manufacturing and industrial renovations. Newport News Public Schools serves approximately 25,500 students across 40 schools, with a focus on preparing students for college and careers.

[02] Market Snapshot

Housing Ratio
2.8x

Undervalued relative to economy

GDP Growth
-0.4%

Contracting economy

Home Prices
+1.3%

Below national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 2.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Newport News city U.S. National

The Numbers

DEMOGRAPHICS
Population
185,118
+0.03% YoY
Median Household Income
$63,355
Median Home Value
$233,400
+1.29% 12mo
Median Rent
$1,209
Average Annual Pay
$67,936
+2.2% YoY
Employment
102,308
+1.3% YoY
Income-to-Home-Value
0.2714
More affordable than average
Migration Inflow
5.24%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
6
Single-Family Permits
3

[05] Capital Investment

$3,383M
TOTAL
PROJECT AMOUNT STATUS
Multi-Class Submarine Production Facility and other capital investments
HII (Newport News Shipbuilding)
$1,900M Under Construction
City Capital Improvement Plan (FY2027–2031)
City of Newport News
$983M Planned
Youth T.H.R.I.V.E Program
City of Newport News
$500M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -0.4% 6 percentile
Population Growth +0.0% 31 percentile
Income Growth +10.2% 83 percentile
Vacancy Rate 1.9% 10 percentile
Home Price Change +1.3% 49 percentile
Rent Growth +8.6% 96 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Newport News city, VA a good place to move to?

Newport News city has a Boom Town Index score of 77/100, ranking #234 among 996 U.S. counties. With job growth at +1.3% and a median household income of $63,355, it's an above-average county on economic indicators.

Is Newport News city affordable?

The median home value in Newport News city is $233,400 with median rent at $1,209/month. The income-to-home-value ratio is 0.2714, which is more affordable than the national average.

Is Newport News city growing or shrinking?

Population growth: +0.0% year-over-year. Job growth: +1.3%. Home values changed +1.3% in the past 12 months.

Are people moving to Newport News city?

Yes — 5.24% of Newport News city's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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