23605 — Newport News city, Virginia Market Snapshot
Housing market data for zip code 23605 in Newport News city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
38 sales in 2026 (year to date)
Median Sale Price
$257,450
Days to Sell
21
Homes Sold
38
Inventory
18
Sale-to-List
100.1%
New Listings
46
Price/SqFt
$204
Pending Sales
46
Conforming Loan Available
Most homebuyers in 23605 can comfortably use conventional financing. The median home price of $257,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 23605 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 23605 (100.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23605 can comfortably use conventional financing. The median home price of $257,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23605 are set at the county level.
2026 Loan Limits — Newport News city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $757,850 |
| 2 Units | $1,066,250 | $970,200 |
| 3 Units | $1,288,800 | $1,172,750 |
| 4 Units | $1,601,750 | $1,457,450 |
Affordability Snapshot — Zip 23605
To purchase the median home at $257,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,123.
Monthly Payment
$2,123
Income Required
$90,965
Principal & Interest
$1,586/mo
Down Payment (5%)
$12,873
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23605.
Estimated Monthly Payment
$1,743
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