How much is a home worth in ZIP code 23606?

The typical home in 23606 is worth $367,164, based on the Zillow Home Value Index.

Are home values rising in 23606?

Home values in 23606 are up 2.1% over the past year, and up 5.5% a year over five years.

What is the typical rent in 23606?

A typical home in 23606 rents for about $1,706 a month, a gross rental yield of 5.6%.

What is the property tax rate in 23606?

The effective property tax rate in 23606 is 1.0% — roughly $3,599 a year on a typical home.

ZIP code 23606 has a population of 29,971 and a median household income of $72,874.

HousingHandbookReference data

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U.S. ZIP Code · VA23606

Newport News city · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$367,164^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +5.5%
10-year / yr: +4.9%

Relative price

vs U.S.: +29.3%
vs metro: +4.2%
vs state: +11.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23606 is worth $367,164 — 4.2% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 2.1%. Homes here rent for a typical $1,706 a month — a 5.6% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,706^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,599^[3]

#Climate risk

FEMA National Risk Index ratings for Newport News city. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 29,971^[3]
Median household income: $72,874^[3]

#Migration

Household moves in and out of Newport News city over a year, from IRS tax-return data.

Net migration: -582^[5]
Moved in: 8,056
Moved out: 8,638

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 3
Middle: 1
High: 0

Ethel M. Gildersleeve Middle
Middle · Grades 6–8 · Newport News City Public Schools
1,097 students
Hidenwood Elementary
Elementary · Grades PK–5 · Newport News City Public Schools
520 students
Riverside Elementary
Elementary · Grades PK–5 · Newport News City Public Schools
496 students
Richard T. Yates Elementary
Elementary · Grades PK–5 · Newport News City Public Schools
422 students
Enterprise Academy/Newport News City
Not applicable · Enterprise Academy/Newport News City
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Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$20,477

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,857

Loan principal$293,731

Down payment$73,433

Total interest paid$374,638

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.44

Monthly cost to own$2,462

Monthly rent$1,706

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 45th percentile^[1]
Rental yield: 19th percentile^[2]
Property tax: 91st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23606?: The typical home in 23606 is worth $367,164, based on the Zillow Home Value Index.
Are home values rising in 23606?: Home values in 23606 are up 2.1% over the past year, and up 5.5% a year over five years.
What is the typical rent in 23606?: A typical home in 23606 rents for about $1,706 a month, a gross rental yield of 5.6%.
What is the property tax rate in 23606?: The effective property tax rate in 23606 is 1.0% — roughly $3,599 a year on a typical home.
Who lives in 23606?: ZIP code 23606 has a population of 29,971 and a median household income of $72,874.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

23128 vs 23606 →
VA
Typical home
$365,891
Gross yield
—
23076 vs 23606 →
VA
Typical home
$364,910
Gross yield
—
23072
Gloucester Point CDP, VA
Typical home
$364,748
Gross yield
—
23453
Virginia Beach, VA
Typical home
$373,490
Gross yield
6.2%
23061
Gloucester Courthouse CDP, VA
Typical home
$376,895
Gross yield
—
27947
NC
Typical home
$356,973
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23606

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