Newport News, VA Rental Market
Newport News anchors the Peninsula side of Hampton Roads, home to Huntington Ingalls Industries — the largest private shipbuilder in the United States — which employs over 25,000 workers building nuclear aircraft carriers and submarines. Fort Eustis (now Joint Base Langley-Eustis) adds another layer of military demand. The combination of blue-collar shipyard workers, military families, and Jefferson Lab scientists creates a broad, stable tenant base at affordable price points.
Get a rent estimate for an address in Newport NewsAverage Rent in Newport News, VA
$1,350
per month · 2026-06
Market Score
Key Facts — Newport News, VA Rental Market
- Average rent in Newport News, VA:$1,350/mo
- Median rent:$1,242/mo
- Rent range:$675 – $2,950/mo
- Most common rental (2 bedrooms):$1,200/mo
- Active listings:980
- Avg days to lease:30 days
- Year-over-year change:+3.2%
- Median home value:$255,000
- Est. gross annual yield:6.4%
- Data as of:2026-06
Rent by Bedroom in Newport News, VA
Average monthly rent for each bedroom type based on current active listings in Newport News.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $975/mo |
2 Bedrooms | $1,200/mo |
3 Bedrooms | $1,500/mo |
4 Bedrooms | $1,875/mo |
5 Bedrooms | $2,150/mo |
Newport News Rental Market Statistics
Key indicators from the current Newport News, VA rental market.
980
Available now in Newport News
30
From list to lease
$1.04
Average across listings
1,300 sq ft
Typical rental size
$675 – $2,950
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Newport News, VA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$255,000
Typical purchase price in Newport News
Est. Gross Annual Yield
6.4%
Before expenses & vacancy
Avg Monthly Income
$1,350
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Newport News for a full cash-flow breakdown including all costs.
Newport News, VA Rental Market FAQ
Common questions about renting and investing in Newport News, VA.
What is the average rent in Newport News, VA?
The average rent in Newport News, VA is $1,350 per month as of 2026. One-bedroom units average $975/mo, two-bedrooms average $1,200/mo, and three-bedroom homes average $1,500/mo — among the most affordable rents in the Hampton Roads metro.
How does the shipbuilding industry affect the Newport News rental market?
Huntington Ingalls Industries (HII) is the dominant private employer in Newport News, building nuclear-powered aircraft carriers and submarines for the U.S. Navy. HII's 25,000+ workforce generates enormous rental demand across all price points, from entry-level units for tradespeople to higher-end homes for engineering and management staff.
Is Newport News, VA a good place to invest in rental property?
Newport News offers a 6.4% estimated gross yield — the highest in the Hampton Roads cluster — driven by lower median home values and stable demand from shipyard workers and military personnel. The long-term nature of U.S. Navy shipbuilding contracts at HII provides multi-decade employment certainty that supports rental demand.
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