1031 Exchange Newport News, Virginia
Virginia Opportunity Zones

Surrounding submarket Area

Newport News, Virginia is a part of the Newport News Submarket submarket area, and contains 10 zip codes, including: 23602, 23608, 23607, 23605, 23628, and 23603.

Newport News Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Newport News, VA submarket area was $995, which is 15.56% lower than 2014 average rent. This represents a compounded annual growth rate of 2.94%. 2019 vacancy in Newport News, VA was 4.50%.

The total population of the city of Newport News, VA has decreased 1.16% since 2010. As of 2018, the population was 178,626. The median household income of the Newport News was $51,884, which is 13.95% lower than the national average.

  • submarket area Newport News Submarket
  • avg rent $995
  • rent growth 15.56%
  • vacancy 4.50%
  • median income $51,884
  • population (2018) 178,626
  • population growth -1.16%
  • vs. nat'l avg 13.95%
  • zip codes 23601 23602 23603 23605 23606 23607 23608 23609 23612 23628

Compare DST Properties Side-By-Side
Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

SECURITIES DISCLOSURE

Realized1031.com is a website operated by Realized Technologies, LLC, a wholly owned subsidiary of Realized Holdings, Inc. (“Realized Holdings”). Securities and/or Investment Advisory Services may be offered through Registered Representatives or Investment Advisor Representatives of Realized Financial, Inc. ("Realized"), a broker/dealer, member FINRA/SIPC, and registered investment adviser. Realized is a subsidiary of Realized Holdings, Inc. ("Realized Holdings"). Check the background of this firm on FINRA's BrokerCheck.

Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment.

Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. The value of the investment may fall as well as rise and investors may get back less than they invested.

This site is published for residents of the United States who are accredited investors only. Registered Representatives and Investment Advisor Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every representative listed. For additional information, please contact the Realized Compliance department at 512-472-7171 or info@realized1031.com.

© 2024 Realized Holdings, Inc.