Newport News City, Virginia home prices
Typical home $291,426 · +2.8% in a year · property tax 1.01%
The typical home in Newport News City is worth $291,426, 29% less than the Virginia typical home ($412,252). Values changed +2.8% in the past year and +30.7% over five years. Homeowners here pay a median 1.01% of their home's value in property tax each year ($2,946 on the typical home), versus 0.71% statewide.
Mortgage on the typical Newport News City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $58,285 | $233,141 | $1,568 | $0 | $391 | $1,960 | $84,000 |
| 10% down | $29,143 | $262,283 | $1,764 | $109 | $391 | $2,265 | $97,100 |
| 5% down | $14,571 | $276,854 | $1,862 | $115 | $391 | $2,369 | $101,500 |
| 3.5% down (FHA) | $10,200 | $286,147 | $1,925 | $129 | $391 | $2,445 | $104,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.01% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Virginia Beach metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Salem City | $290,648 | +3.8% | 0.9% |
| Waynesboro City | $293,551 | +2.0% | 0.67% |
| Appomattox County | $289,196 | +7.8% | 0.52% |
| Cumberland County | $288,159 | +9.4% | 0.57% |
| Staunton City | $288,132 | +3.8% | 0.7% |
| Essex County | $296,194 | +2.9% | 0.57% |
| Highland County | $283,985 | +3.4% | 0.57% |
| King and Queen County | $299,161 | +5.6% | 0.52% |
| Dinwiddie County | $300,969 | +5.4% | 0.55% |
| Colonial Heights City | $280,370 | +0.5% | 0.84% |
Frequently asked questions
What is the average home price in Newport News City, VA?
The typical home value in Newport News City is $291,426 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Newport News City?
About $84,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Newport News City?
The median effective rate is 1.01% of home value a year (Census ACS 2024 5-year estimates).