The story of this market
The typical home in ZIP 23606 sells for about $318,000, or $205 per square foot.
Prices are down 6.3% from a year ago, which gives buyers more room to negotiate. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,377 a month.
ZIP 23606 — Newport News
The 23606 housing market is currently competitive, characterized by a median home price of $385,000. While year-over-year prices have seen a slight decline, the market remains active with a 28-day median time on market. Demand is supported by the presence of Christopher Newport University and stable regional employment.
This ZIP is well-suited for university-affiliated individuals, families seeking established neighborhoods, and commuters who value central access to the Peninsula's employment centers.
Median prices moved down 6.3% year over year.
Homes spend a median of 28 days on market with 3.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 12.4% — 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 5.5%/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 5.0%/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 23606, Newport News city, VA
Crime trends in Newport News are monitored by the local police department, with 23606 generally reflecting urban-suburban safety profiles consistent with the broader Hampton Roads region.
The area is served by Newport News Public Schools and is home to Christopher Newport University, providing a mix of public K-12 and higher education access.
The region is subject to coastal flood risks and hurricane-related wind exposure, necessitating standard flood insurance coverage for many properties in low-lying areas.
Economic momentum is anchored by Christopher Newport University and proximity to major regional employers in the defense, shipbuilding, and logistics sectors.
Property taxes are assessed by the City of Newport News based on fair market value; the city maintains a unified tax structure without separate MUD or PID districts common in other states.
Residents benefit from proximity to I-64, providing direct access to major employment hubs in Newport News, Hampton, and the broader Peninsula.
The area features access to the James River Country Club, local parks, and proximity to the Noland Trail and various shopping districts along Warwick Boulevard.
The rental market is influenced by the student population at Christopher Newport University and military personnel, maintaining steady demand and moderate vacancy pressure.
The economy is driven by higher education, defense contracting, and the regional shipbuilding industry centered in Newport News.
The area is served by a network of arterial roads including Warwick Boulevard and proximity to I-64, with limited public transit options.
Development is primarily focused on infill projects and the continued integration of university-related infrastructure.
The City of Newport News Assessor's Office conducts annual assessments of real property based on market value.
Parcels are subject to city-wide school and municipal tax levies; no special utility districts are applicable.
Property insurance premiums are influenced by coastal hazard exposure and regional risk assessments for wind and flood.
Net domestic migration in the region remains stable, supported by military and institutional employment.
Virginia is a non-judicial foreclosure state, allowing for relatively efficient trustee-led sales.
Virginia requires sellers to provide a residential property disclosure statement, though it is largely a 'caveat emptor' state regarding property condition.
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 Williamsburg4.413.5 mi
- Water Country USA4.415.1 mi
- Funplex Trampoline Park.4.74.9 mi
- Hampton Virginia Aquaplex4.17.3 mi
- Sky Zone Trampoline Park3.76.7 mi
- Hampton Coliseum4.47.7 mi
- Chartway Arena4.517.3 mi
- Norfolk Scope Arena4.419.4 mi
- Hampton Roads Convention Center4.67.6 mi
- Chrysler Hall4.519.5 mi
- AMC Hampton Towne Centre 244.45 mi
- Virginia Living Museum4.71.9 mi
- Buckroe Beach and Park4.612.5 mi
- Cinemark City Center and XD4.52.7 mi
- Virginia Air & Space Science Center4.59.8 mi
- Colonial Williamsburg4.617.2 mi
- Jamestown Settlement4.718.4 mi
- Virginia Living Museum4.71.9 mi
- Chrysler Museum of Art4.819 mi
- Nauticus4.719.4 mi
- Buckroe Beach and Park4.612.5 mi
- Newport News Park4.79 mi
- Yorktown Battlefield4.711.2 mi
- Sandy Bottom Nature Park4.64 mi
- Bluebird Gap Farm4.77.4 mi
- VIG Portsmouth3.416 mi
- The Surry Seafood Co.4.317.8 mi
- Hampton Yacht Club4.69.9 mi
- Tidewater Yacht Marina4.719.7 mi
- Salt Ponds Marina Resort4.312.6 mi
- Kiln Creek Golf Club and Resort4.54 mi
- James River Country Club4.60.9 mi
- Newport News Golf Club at Deer Run3.87.8 mi
- Cypress Creek Golfers' Club4.49.7 mi
- Hamptons Golf Course3.86.1 mi
- Patrick Henry Mall4.23.3 mi
- T.J. Maxx4.24.3 mi
- Publix Super Market at Bartlett Station4.58.7 mi
- Kohl's4.24.1 mi
- Peninsula Town Center4.46.8 mi
- Norfolk International Airport4.321.1 mi
- Newport News/Williamsburg International Airport4.44.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic private club offering golf and social amenities.
Major anchor institution and cultural hub for the area.
Scenic walking and running trail surrounding the Mariners' Museum lake.
Key-figure check: median price diverges 21.1% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $385,000 (21.1% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: confirmed genuine market swing — the flagged $385,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.