The story of this market
The typical home in ZIP 23602 sells for about $325,000, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,511 a month.
ZIP 23602 — Newport News
The 23602 housing market remains stable with steady demand driven by military and shipyard employment. While inventory is tight, price growth has moderated compared to previous years, reflecting a balanced market environment. No specific ZIP-level closed sales count or months of supply were published in the provided sources, so those figures are omitted.
This ZIP is ideal for military families, shipyard employees, and commuters seeking a balance of suburban living with convenient access to regional employment centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 38 days on market with 2.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
1 foreclosure-ledger notice — 0.2 per 10,000 residents · unemployment 4.5% · poverty 13.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23602, Newport News City, VA
Crime in Newport News is generally higher than the national average, with 23602 experiencing localized property crime trends consistent with suburban-urban transition zones.
Schools in the area are part of Newport News Public Schools, which maintains a mix of magnet and neighborhood programs with varying performance ratings.
The area is subject to regional coastal flood risks and wind exposure typical of the Hampton Roads area, necessitating standard flood and hazard insurance coverage.
Economic momentum is driven by proximity to major military installations, the Newport News Shipbuilding industry, and ongoing commercial redevelopment along the Jefferson Avenue corridor.
Property taxes are assessed by the City of Newport News at a uniform real estate tax rate applied to the fair market value of the property as determined by the city assessor.
Residents benefit from direct access to I-64, providing a primary artery for commuting to major employment hubs in Newport News, Hampton, and Norfolk.
The area features proximity to the Newport News Park, various local golf courses, and shopping centers like Patrick Henry Mall.
The rental market is robust due to the high concentration of military personnel and shipyard workers, with steady demand and moderate vacancy rates.
The economy is anchored by Newport News Shipbuilding, Joint Base Langley-Eustis, and a growing healthcare sector.
The area is served by the Hampton Roads Transit bus system and is highly dependent on the I-64 highway corridor.
Ongoing development focuses on high-density residential infill and commercial expansion near the city's northern border.
The City of Newport News Assessor's Office conducts annual assessments based on market value.
Parcels are subject to city-wide school and municipal tax districts; some areas may fall under specific HOA or community service districts.
Property insurance premiums are influenced by regional flood zone designations and wind-storm risk factors.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Busch Gardens Williamsburg4.410.3 mi
- Great Wolf Lodge | Williamsburg4.319.5 mi
- Water Country USA4.411.8 mi
- Funplex Trampoline Park.4.77 mi
- Hampton Virginia Aquaplex4.19.8 mi
- Hampton Coliseum4.410.1 mi
- Hampton Roads Convention Center4.610 mi
- Warhill Sports Complex4.719.4 mi
- Boo Williams Sportsplex4.39.3 mi
- Golden Corral Buffet & Grill415.4 mi
- Busch Gardens Williamsburg4.410.3 mi
- Water Country USA4.411.8 mi
- AMC Hampton Towne Centre 244.47.2 mi
- Virginia Living Museum4.74.3 mi
- American Revolution Museum at Yorktown4.88.8 mi
- Colonial Williamsburg4.614 mi
- Jamestown Settlement4.715.7 mi
- Virginia Living Museum4.74.3 mi
- American Revolution Museum at Yorktown4.88.8 mi
- Historic Jamestowne4.714.9 mi
- Chippokes State Park4.711.8 mi
- Newport News Park4.75.8 mi
- Yorktown Battlefield4.78.3 mi
- Sandy Bottom Nature Park4.66.1 mi
- Bluebird Gap Farm4.79.9 mi
- VIG Portsmouth3.419.3 mi
- The Surry Seafood Co.4.315.5 mi
- Hampton Yacht Club4.612.4 mi
- Salt Ponds Marina Resort4.314.4 mi
- York River Yacht Haven4.810.5 mi
- Kingsmill Resort4.410.6 mi
- Kiln Creek Golf Club and Resort4.53.1 mi
- James River Country Club4.64.3 mi
- Newport News Golf Club at Deer Run3.84.7 mi
- Cypress Creek Golfers' Club4.411.6 mi
- Patrick Henry Mall4.22.3 mi
- Harris Teeter4.412.5 mi
- T.J. Maxx4.21.7 mi
- Kohl's4.21.5 mi
- Publix Super Market at Bartlett Station4.511.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
One of the largest municipal parks in the U.S. featuring trails and camping.
Major regional shopping destination serving the Peninsula.
Public golf course and community hub.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).