dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −1.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −5.8% YoY, is the number to watch.
The median listing price is down 1.1% YoY while the median home got up 3.7% bigger, so value per square foot is up 2.4%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $315K purchase rents for $1,695/mo: 0.54% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent).
Sales here take about 30 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold).
U.S. Census ACS characteristics for ZIP 23601 itself, not its parent county.
Renters hold 42.7% of this ZIP's 11,493 occupied households, on a median household income of $71K.
| Measure | ZIP 23601 | Newport News city | Difference |
|---|---|---|---|
| Median Household Income | $71K | $70K | +$2K |
| Below Poverty Level | 10.3% | 14.5% | -4.2% |
| Median Age | 37.10 | 34.40 | +2.70 |
| Total Population | 26,645 | 184,216 | -- |
| Avg Household Size | 2.28 | 2.33 | -0.05 |
| Owner-Occupied | 57.3% | 48.2% | +9.1% |
| Worked From Home | 15.7% | 10.2% | +5.5% |
| Mean Commute | 20.40 | 23.10 | -2.70 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.3% to 184,216: residents under 18 are down 0.6% and those 65 and over are up 2.7%.
County median household income is $70K, 14.5% of residents are below the poverty level, 10.2% work from home.