How much is a home worth in ZIP code 23607?

The typical home in 23607 is worth $189,821, based on the Zillow Home Value Index.

Are home values rising in 23607?

Home values in 23607 are down 0.3% over the past year, and up 10.5% a year over five years.

What is the typical rent in 23607?

A typical home in 23607 rents for about $1,597 a month, a gross rental yield of 10.1%.

What is the property tax rate in 23607?

The effective property tax rate in 23607 is 0.6% — roughly $1,233 a year on a typical home.

ZIP code 23607 has a population of 23,096 and a median household income of $42,334.

HousingHandbookReference data

…

U.S. ZIP Code · VA23607

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

Typical home value

$189,821^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +10.5%
10-year / yr: +10.5%

Relative price

vs U.S.: -33.2%
vs metro: -46.1%
vs state: -42.2%

Price history

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

The typical home in 23607 is worth $189,821 — 46.1% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $1,597 a month — a 10.1% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $1,597^[2]
Gross yield: 10.1%^[2]
Cap rate: 6.1%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,233^[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: 23,096^[3]
Median household income: $42,334^[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: 4
Middle: 1
High: 0

Achievable Dream Academy
Elementary · Grades PK–5 · Newport News City Public Schools
621 students
Discovery STEM Academy
Elementary · Grades PK–5 · Newport News City Public Schools
550 students
Newsome Park Elementary
Elementary · Grades PK–5 · Newport News City Public Schools
435 students
B.T. Washington Middle
Middle · Grades 6–8 · Newport News City Public Schools
427 students
John Marshall Early Childhood Center
Elementary · Grades PK–K · Newport News City Public Schools
232 students

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 yield10.1%

Net yield (after ~40% expenses)6.1%

Annual rent$19,164

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$960

Loan principal$151,857

Down payment$37,964

Total interest paid$193,685

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 ratio0.76

Monthly cost to own$1,221

Monthly rent$1,597

Owning 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: 100th percentile^[1]
Rental yield: 98th percentile^[2]
Property tax: 33rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 23607?: The typical home in 23607 is worth $189,821, based on the Zillow Home Value Index.
Are home values rising in 23607?: Home values in 23607 are down 0.3% over the past year, and up 10.5% a year over five years.
What is the typical rent in 23607?: A typical home in 23607 rents for about $1,597 a month, a gross rental yield of 10.1%.
What is the property tax rate in 23607?: The effective property tax rate in 23607 is 0.6% — roughly $1,233 a year on a typical home.
Who lives in 23607?: ZIP code 23607 has a population of 23,096 and a median household income of $42,334.

#Comparable ZIPs

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

27938 vs 23607 →
Gatesville, NC
Typical home
$219,789
Gross yield
—
27979 vs 23607 →
Sunbury CDP, NC
Typical home
$224,078
Gross yield
—
23702
Portsmouth, VA
Typical home
$227,053
Gross yield
8.5%
23839
Dendron, VA
Typical home
$227,471
Gross yield
—
23605
Newport News, VA
Typical home
$228,651
Gross yield
7.9%
23704
Portsmouth, VA
Typical home
$236,496
Gross yield
8.1%

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Pit ZIP 23607 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA23607

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