Newport News, VA Real Estate
According to census data in the year 2000 there were 74,117 housing units in Newport News.
This represents a 6.3% growth from 69,728 in 1990.
Of those housing units, 74,075 were located in either urbanized areas or urban clusters, and 42 were located in what is classified as a rural area.
Homeownership rate in Newport News is about 52.4%.
Newport News's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Newport News were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 12.70% |
| Two Bedrooms | 30.50% |
| Three Bedrooms | 38.90% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $96,400 |
| Median Price asked for vacant units | $82,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $457 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.70% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 58.90% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
