The story of this market
The typical home in ZIP 23605 sells for about $237,450, or $192 per square foot.
Prices are down 7.89% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,222 a month.
ZIP 23605 — Newport News
The 23605 housing market is characterized by steady demand and a moderate price trajectory, with a median home price of $237,450. While some metrics like days-on-market show improvement, the market remains sensitive to broader economic conditions in the Newport News area. Specific figures for sales volume and price-cut percentages are not currently published at the ZIP level.
This ZIP is well-suited for budget-conscious family buyers and investors looking for value in historic or established neighborhoods, as well as commuters working in the local maritime and defense sectors.
Median prices moved down 7.9% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 13.9% — a stable, low-distress profile.
ZCTA 23605, Newport News city, Virginia
The area is served by Newport News Public Schools, with varying performance levels across neighborhood schools.
The area is subject to coastal flood risks typical of the Hampton Roads region; insurance premiums are influenced by proximity to the James River and Chesapeake Bay.
Economic momentum is tied to the broader Newport News shipbuilding and military industrial base, with ongoing revitalization efforts in historic neighborhoods like Hilton Village.
Property taxes are assessed by the City of Newport News; the city maintains a real estate tax rate applied to the fair market value of properties as determined by the local assessor.
Residents have direct access to major regional corridors including I-664, facilitating commutes to the Newport News Shipbuilding facilities and other regional employment hubs.
The ZIP features access to the James River waterfront, historic Hilton Village shopping and dining, and several local parks including Huntington Park.
The rental market shows varied demand with significant fluctuations in days-on-market across different neighborhoods, reflecting a mix of long-term residential and investor-held properties.
The economy is anchored by the Newport News Shipbuilding division of Huntington Ingalls Industries and the broader military presence in the Hampton Roads region.
The area is served by a network of arterial roads and is positioned near I-664, providing connectivity to the wider Peninsula and Southside regions.
Ongoing urban renewal and infrastructure maintenance projects are common within the city, focusing on improving connectivity and neighborhood aesthetics.
The Newport News City Assessor's office manages property valuations for tax purposes, conducting periodic reassessments to reflect market conditions.
Parcels are subject to city-wide school and municipal service districts; no specific MUDs or PIDs are typically associated with this urban core.
Property insurance costs are impacted by regional flood zone designations and the general risk profile of the coastal Virginia environment.
Data sourced from US Census Bureau ZCTA profiles.
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 Williamsburg4.419.5 mi
- Apex Entertainment Virginia Beach4.519.9 mi
- Sky Zone Trampoline Park4.218.8 mi
- Funplex Trampoline Park.4.73.7 mi
- Hampton Virginia Aquaplex4.13 mi
- Hampton Coliseum4.43.1 mi
- Topgolf Virginia Beach4.418.2 mi
- Norfolk Scope Arena4.413.3 mi
- Chartway Arena4.511.1 mi
- Apex Entertainment Virginia Beach4.519.9 mi
- Virginia Zoo4.512.4 mi
- AMC Hampton Towne Centre 244.43.6 mi
- Virginia Living Museum4.75.1 mi
- Buckroe Beach and Park4.67.8 mi
- Cinemark City Center and XD4.55.8 mi
- Virginia Living Museum4.75.1 mi
- Chrysler Museum of Art4.812.9 mi
- Nauticus4.713.4 mi
- USS Wisconsin BB-644.813.3 mi
- The Mariners' Museum and Park4.84.6 mi
- Buckroe Beach and Park4.67.8 mi
- Ocean View Beach Park4.510.5 mi
- Sandy Bottom Nature Park4.64 mi
- Bluebird Gap Farm4.72.7 mi
- Portsmouth City Park4.612.7 mi
- VIG Portsmouth3.410.2 mi
- Hampton Yacht Club4.64.6 mi
- Tidewater Yacht Marina4.713.7 mi
- Salt Ponds Marina Resort4.38.4 mi
- Bay Point Marina4.514.8 mi
- Sleepy Hole Golf Course4.612.5 mi
- Riverfront Golf Club4.49 mi
- Sewells Point Golf Course4.39.8 mi
- Kiln Creek Golf Club and Resort4.58.1 mi
- James River Country Club4.65.4 mi
- Patrick Henry Mall4.28 mi
- Navy Exchange Main4.57.9 mi
- Harris Teeter4.312.5 mi
- Chesapeake Square3.712.7 mi
- Harris Teeter4.310.9 mi
- Norfolk International Airport4.314.9 mi
- Naval Air Station Oceana4.326.1 mi
- Newport News/Williamsburg International Airport4.49.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic neighborhood known for its unique architecture, local boutiques, and dining options.
A large waterfront park featuring a beach, rose garden, and recreational facilities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).