Why Live in Newport News
Newport News combines maritime heritage with modern attractions along the James River. The Mariners' Museum and Park features extensive maritime exhibits and the scenic Noland Trail, while the Virginia Living Museum showcases native wildlife through interactive exhibits. Outdoor enthusiasts can explore Newport News Park, one of the largest municipal parks east of the Mississippi, which provides extensive hiking trails and fishing spots. The Ferguson Center for the Arts at Christopher Newport University hosts premier performing arts events, while historic sites like Lee Hall Mansion and Endview Plantation preserve the area's Civil War history. The dining scene includes upscale options like Schlesinger's Chop House, known for its steaks and barbecue sauce, and Fin Seafood, which emphasizes fresh, local ingredients.
The housing market in Newport News includes diverse options across several neighborhoods. Single family homes in Port Warwick have a median price of $447,400, while similar homes in Hilton Village sell for a median price of $265,100. Kiln Creek's single family homes command a median price of $350,000. Condominiums provide more affordable options, with one bedroom units at a median price of $160,000 and two bedroom units at $185,000. The median townhome price sits at $365,000.
Newport News maintains a cost of living 6.3% below the national average. Property taxes stand at 1.03%, slightly higher than Hampton at 0.97% but lower than Norfolk at 1.01%. A family with school age children needs approximately $100,000 annually to live comfortably, while renters should aim for $55,000. Monthly grocery costs average $1,500 for families and $700 for renters. The city includes several highly rated schools, including Hampton Roads Academy and Our Lady of Mount Carmel School, both rated A plus by Niche. Christopher Newport University adds to the educational landscape.
Home Trends in Newport News, VA
On average, homes in Newport News, VA sell after 36 days on the market compared to the national average of 50 days. The median sale price for homes in Newport News, VA over the last 12 months is $290,500, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$290,500
Median Single Family Sale Price
$300,000
Median Townhouse Sale Price
$378,945
Median 2 Bedroom Sale Price
$185,000
Median 1 Bedroom Sale Price
$164,950
Average Price Per Sq Ft
$186
Number of Homes for Sale
328
Last 12 months Home Sales
2,157
Median List Price
$296,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%