53 / 100

Newport News city, VA

RANK #462 / 996 NAT  ·  #9 / 37 VA  ·  POP 185,118

1YR FORECAST: +1.7%

5YR OUTLOOK: +24%

Newport News city's housing market is projected to grow +1.7% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Huntington Ingalls Industries (Newport News Shipbuilding) Manufacturing
    25,000+
  2. 2
    Eaton Manufacturing
    10,000+
  3. 3
    Children's Hospital of The King's Daughters Healthcare
    1,000+
  4. 4
    Riverside Regional Medical Center Healthcare
  5. 5
    Newport News Public Schools Education
  6. 6
    U.S. Department of Defense Military
  7. 7
    City of Newport News Government
  8. 8
    Ferguson Enterprises Inc. Logistics
  9. 9
    Christopher Newport University Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
28.7%
of residents (national avg: 33%)

Market Activity

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

[05] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
15.8
per 100K · nat avg 6.3
Firearm Fatalities
22.6
per 100K · nat avg 14.8
Injury Deaths
93.6
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Newport News city scores 53/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#462). Median household income is $63,355 and job growth is running at +1.3%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Newport News city affordable?

Housing in Newport News city is roughly in line with national affordability norms. The median home costs $233,400 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,209/month. Not a bargain, but not a stretch for most local earners either.

Is Newport News city growing or shrinking?

Employers in Newport News city are hiring — job growth of +1.3% — but the population is close to flat (+0.0% YoY). Home values moved +1.3% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Newport News city?

In significant numbers — 5.24% of Newport News city's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Culpeper County, VA 54 Rockingham County, VA 54 Richmond city, VA 55 Hanover County, VA 59 Chesapeake city, VA 47 Portsmouth city, VA 60 Yuma County, AZ 53 Pickens County, SC 53