Rent to Own Homes near Newport News, VA

Top Reasons to Live in Newport News VA

Housing Statistics

  • There are a total of 74,117 houses in Newport News, of which 69,686 are occupied. Of these, 36,528 (52 percent) are owner-occupied, while 36,528 (48 percent) are occupied by renters. The most recently reported median home sales price in Newport News is $152,500, or about $98 per square foot. According to Trulia, there are currently 967 homes for sale in Newport News; additionally, there are 338 homes in various stages of foreclosure. The cost of living in Newport News is 2.9 percent--slightly higher than the rest of the country. The annual residential turnover is just over 25 percent, with the median years of residency just under three. There is a 7-percent vacancy rate, which is slightly higher than the national average. Rent-to-own options abound in what is currently a strong buyer's market.

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  • Local Shopping
  • Newport News is a shopper's delight, and has long been known for its tremendous array of retail offerings, ranging from large department stores to small boutique shops, and everything in between. Two premier shopping locations are desirable destinations for fashionistas and bargain hunters. City Center at Oyster Point is located at Thimble Shoals on Jefferson Avenue. This $300 million development features a diverse offering of shops, restaurants, and entertainment. The shopping center also hosts well-attended events, including a weekly farmer's market and Family Films by the Fountain. Port Warwick is another popular shopping destination, featuring specialty shops in an urban setting, as well as seasonal entertainment.
  • Events and Festivals
  • Newport News is alive with a variety of events throughout the year, but summer is a particularly vibrant time in this traditional waterfront town. The city's 4th of July Stars in the Sky festivities include Virginia's largest fireworks display, and food and entertainment at a massive block party for thousands of residents and visitors. Music lovers, meanwhile, will enjoy August's King Lincoln Music Festival, which features every style of musical performance--from classical to rock to reggae. Fans of folk and foliage will enjoy October's Fall Festival of Folklife, which is celebrating its 41st anniversary this fall. Also in October is Harvest Faire, the region's oldest renaissance fair, featuring everything from medieval combat to live music and dance to oversized turkey legs.
  • NeighborhoodsNeighborhoods in Newport News are characterized by distinctive features with which their residents identify. Quite a few neighborhoods are on the National Register, while others are new and continuing to experience growth. Most include a mix of owner-occupied properties and rental homes. A few of the more well-known Newport News neighborhoods--old and new--include the follow: