Housing Report for Newport News city, Virginia
In the State of Virginia, Newport News city places 88 of 134 by percent in growth of new residential structures. The county places 1,195 of 3,141, comparing the percentage change in residential in other US counties.
In Newport News city, the census reported 77,426 homes in 2005. The county has experienced a growth in housing units, adding a total of 2,643 homes since 2001, or 3.5 percent.
The residential real estate values in Newport News city, Virginia have seen large increases from the real estate values reported in 2000. The valuations have increased by $55,600, or 57.7 percent, since 2000 when they were valued at $96,400.
Newport News city had an owner-occupied dwelling median in 2005 of $152,000, published by the American Community Survey. This median is less than the State of Virginia 2005 median owner-occupied dwelling value of $212,300 and less than median home value of $167,500 for the United States in the same year.
It can be understood that there is a fair amount of real estate that is affordable in Newport News city, Virginia. In 2005, 35.4 percent of residential real estate was valued under $125,000.
Newport News city may be be described as having a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey reports that 1.3 percent of the homes were valued over $500,000.
Data Source: U.S. Census Bureau
In Newport News city, the census reported 77,426 homes in 2005. The county has experienced a growth in housing units, adding a total of 2,643 homes since 2001, or 3.5 percent.
The residential real estate values in Newport News city, Virginia have seen large increases from the real estate values reported in 2000. The valuations have increased by $55,600, or 57.7 percent, since 2000 when they were valued at $96,400.
Newport News city had an owner-occupied dwelling median in 2005 of $152,000, published by the American Community Survey. This median is less than the State of Virginia 2005 median owner-occupied dwelling value of $212,300 and less than median home value of $167,500 for the United States in the same year.
It can be understood that there is a fair amount of real estate that is affordable in Newport News city, Virginia. In 2005, 35.4 percent of residential real estate was valued under $125,000.
Newport News city may be be described as having a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey reports that 1.3 percent of the homes were valued over $500,000.
Data Source: U.S. Census Bureau
