The story of this market
The typical home in ZIP 23607 sells for about $249,000, or $144 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,176 a month.
ZIP 23607 — Newport News
The 23607 housing market remains an affordable, entry-level segment within the Newport News area, characterized by lower median home values compared to the broader metro. Market activity is driven by demand for urban, historic housing stock, though the area faces challenges related to aging infrastructure and economic transition. Current inventory levels are modest, reflecting a stable but slow-moving market environment.
This ZIP is well-suited for investors and first-time buyers seeking entry-level price points in an urban, historic setting with proximity to major maritime employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 65 days on market with 0.0 months of supply — a balanced-paced 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 10.3% · poverty 27.5% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23607, Newport News city, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is a coastal zone with inherent flood risks associated with its proximity to the James River and Chesapeake Bay.
The area is characterized by urban infill and redevelopment efforts within the historic core of Newport News, supported by proximity to major maritime and military industrial employers.
Property taxes are assessed by the City of Newport News based on the fair market value of real estate, with rates set annually by the City Council.
The ZIP offers direct access to major regional corridors including I-664 and I-64, facilitating commutes to the Newport News Shipbuilding and other regional employment hubs.
The area features proximity to the James River waterfront, local community parks, and historic downtown shopping and dining districts.
The rental market is characterized by a mix of historic housing stock and multi-family units, with demand driven by the area's affordability relative to the broader metro.
The economy is heavily anchored by the maritime industry, specifically Newport News Shipbuilding, and supported by regional military and logistics sectors.
The area is served by a network of arterial roads and is integrated into the Hampton Roads Transit system, providing connectivity to the broader Peninsula.
Ongoing urban revitalization projects focus on the rehabilitation of historic residential structures and mixed-use development in the downtown corridor.
The Newport News Real Estate Assessor's office conducts annual assessments of all real property to determine fair market value for taxation purposes.
Parcels in this ZIP are subject to city-wide school and municipal service districts, with no major MUD/PID developments reported.
Property insurance premiums in this coastal area are influenced by flood zone designations and regional wind-storm risk profiles.
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.
- Apex Entertainment Virginia Beach4.518.2 mi
- Sky Zone Trampoline Park4.216.5 mi
- Funplex Trampoline Park.4.76.3 mi
- Hampton Virginia Aquaplex4.15 mi
- Breakout Games519.5 mi
- Hampton Coliseum4.44.9 mi
- Topgolf Virginia Beach4.416.4 mi
- Norfolk Scope Arena4.411.1 mi
- Chartway Arena4.59 mi
- Golden Corral Buffet & Grill418.7 mi
- Virginia Zoo4.510.4 mi
- AMC Hampton Towne Centre 244.46.2 mi
- Virginia Living Museum4.77.5 mi
- Buckroe Beach and Park4.68.6 mi
- Nauticus4.711.1 mi
- Virginia Living Museum4.77.5 mi
- Chrysler Museum of Art4.810.7 mi
- Nauticus4.711.1 mi
- USS Wisconsin BB-644.811 mi
- The Mariners' Museum and Park4.86.8 mi
- Buckroe Beach and Park4.68.6 mi
- Ocean View Beach Park4.59.5 mi
- Sandy Bottom Nature Park4.66.6 mi
- Portsmouth City Park4.610.1 mi
- Bluebird Gap Farm4.74.6 mi
- VIG Portsmouth3.47.7 mi
- Hampton Yacht Club4.65.4 mi
- Tidewater Yacht Marina4.711.3 mi
- Salt Ponds Marina Resort4.39.4 mi
- Bay Point Marina4.513.7 mi
- Sleepy Hole Golf Course4.610.3 mi
- Riverfront Golf Club4.46.5 mi
- Sewells Point Golf Course4.38.2 mi
- Kiln Creek Golf Club and Resort4.510.6 mi
- Bide-A-Wee Golf Course4.412.6 mi
- Patrick Henry Mall4.210.5 mi
- Navy Exchange Main4.56.5 mi
- Harris Teeter4.310.3 mi
- Chesapeake Square3.710.1 mi
- Harris Teeter4.39.3 mi
- Norfolk International Airport4.313.4 mi
- Naval Air Station Oceana4.324.6 mi
- Newport News/Williamsburg International Airport4.411.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides significant coastal access and recreational opportunities.
Serves as a local hub for commerce and community activity.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.