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Newport News, VA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,579
Monthly Cash Flow
-$67
Principal + Equity
$1,540
Annual Total Gain
$17,672
Cash on Cash
-1.13%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$194
Occupancy Rate
50%
Monthly Revenue
$2,277
Monthly Cash Flow
$289
Principal + Equity
$1,540
Annual Total Gain
$21,948
Cash on Cash %
4.86%
Net ROI %
Market Health & Growth
Median Income
$66,718
Population
184,774
LTR Renter %
51.91%
Forecast (1 yr)
2%
Appreciation (1 yr)
0.78%
Appreciation (5 yr)
45.62%
Appreciation (10 yr)
71.63%
Job Growth
-0.49%
LTR Rentability
Low
STR Demand
49
STR Rentals
181
Top Public Schools
A-York High School
A-Yorktown Middle School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#59out of 229 markets
Best Cities for Outdoor Activities in America
#100out of 229 markets
Cities with the Lowest Cost of Living in America
#84out of 229 markets
C
Public School
D
Crime And Safety
C-
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Newport News, VA.
As of September 2021, Newport News, VA does not have specific regulations in place for short term rentals. However, it is important for investors to be aware of potential future regulations that may be implemented by the city or county government.
Investors should also consider the potential impact of homeowner association (HOA) rules and regulations on short term rentals in Newport News. Some HOAs may have restrictions or guidelines in place that limit or prohibit short term rentals within their communities.
Additionally, investors should be aware of any licensing or permitting requirements that may be necessary for operating a short term rental in Newport News. It is important to research and comply with any local laws and regulations related to short term rentals to avoid potential fines or penalties.
Overall, investors should thoroughly research and understand the current and potential future regulations for short term rentals in Newport News before purchasing a property for this purpose. Consulting with a real estate attorney or local property management company may also be beneficial in navigating the regulatory landscape for short term rentals in the area.
Market Trends Over Time
Explore 25 years of market data for Newport News, VA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Newport News, VA.
The LTR Genie Score of Newport News, VA is 65 and STR Genie Score is 63, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to factors such as high competition or low demand in the area. The LTR Net ROI of 24.76% suggests a decent return on investment for long-term rental properties, while the STR Net ROI of 30.75% indicates even higher potential returns for short-term rental properties. The 1-Year Price Appreciation Forecast of 2.0% suggests a stable market with potential for modest growth.
Newport News, VA is a city located in the Hampton Roads metropolitan area, known for its strong military presence and diverse economy. The area offers a mix of urban and suburban neighborhoods, making it appealing to a wide range of renters. With its proximity to major military installations and universities, Newport News has a steady demand for rental properties.
Overall, Newport News, VA presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns. Conducting thorough market research and due diligence is recommended to identify the best investment opportunities in this market.
LTR Genie Score 93
$180,225
🛏 3 Beds🛁 2.0000 Baths🏙 1,822 sqft.🏠 SINGLE FAMILY
