Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 184,774 ↓ 0.8% since 2020 |
| Median Household Income | $66,718 11% below national median |
| Median Home Value | $243,300 |
| Unemployment Rate | 5.4% |
| Median Age | 34.2 years |
| Housing Vacancy Rate | 7.4% |
| Total Land Sales (Past 12 Months) | 67 transactions |
| Active Listings | 21 properties |
| Avg Days on Market | 554 days |
Rural Land Sales (1+ Acres) (Jun 2025 – Aug 2025)
| Metric | Value |
|---|---|
| Median Price/Acre | $97,460 |
| Recent Sales | 12 transactions |
| Avg Days on Market | 559 days |
| Avg Parcel Size | 2.60 acres |
| Active Listings | 7 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Aug 2025 | 1.80 | $60,100 | $33,389 | Newport News |
| Jun 2025 | 2.05 | $95,300 | $46,488 | Newport News |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $67,000 |
| Recent Sales | 55 transactions |
| Avg Days on Market | 553 days |
| Avg Parcel Size | 0.20 acres |
| Active Listings | 14 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.23 | $125,000 | Newport News |
| Oct 2025 | 0.27 | $75,000 | Newport News |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 184,774 |
| Population (2020) | 186,247 |
| Population Growth | -0.79% |
| Median Household Income | $66,718 |
| Median Home Value | $243,300 |
| Total Housing Units | 81,850 |
| Vacant Housing Units | 6,052 |
| Housing Vacancy Rate | 7.4% |
| Median Age | 34.2 |
| Bachelor's Degree or Higher | 21,332 (11.5%) |
| Unemployment Rate | 5.4% |
Market Overview
Newport News city, Virginia has a population of 184,774, which has declined 0.79% since 2020. The median household income is $66,718, below the national median of $74,580 by 10.5%. The housing vacancy rate of 7.4% suggests balanced market conditions. Newport News city is part of Virginia's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $97,460 per acre, with properties averaging 2.60 acres. There are currently 21 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Newport News city, Virginia?
As of the 2023 American Community Survey, Newport News city has a population of 184,774. The county has declined 0.79% since the 2020 Census.
What is the median household income in Newport News city?
The median household income in Newport News city is $66,718, which is 10.5% below the national median of $74,580.
Is Newport News city growing or shrinking?
Newport News city is shrinking. The population has declined 0.79% since 2020.
What is the housing market like in Newport News city?
The median home value in Newport News city is $243,300. The housing vacancy rate is 7.4%, which suggests balanced market conditions. The unemployment rate is 5.4%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $97,460 per acre. Suburban/urban lots under 1 acre have a median lot price of $67,000.
Does Reelvest buy land in Newport News city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Newport News city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.