Newport News Real Estate is positioned perfectly to take advantage of the great interest rates, the current housing market and the fact that we have a highly transient population due to all the military bases around here. Also keep in mind that some of the major contracts for the ship building industry have been renewed, which will continue to strengthen the our housing market. The Newport News median income ranges between $35,000-$55,000 per household, now keep in mind most house hold have dual income. When we consider that about 30% of our monthly paycheck should go to rent or a mortgage. Let's compare this to what this means for the higher income family $2,100 or so would be the monthly payment they can reasonably afford. Newport News has an estimated 13,000 homes and rising. Currently the median listing price for a house in Newport News Real Estate is $265,000 which is a %2.53 rise from last quarter.
Real Estate in Newport News is doing really well especially when it comes to new condominium developments. Right now we have a high amount of young professionals looking for a more social living communities such as town homes, condos and condominiums are especially appealing. Some of the most popular Real Estate for condos is found in Oyster Point City center because it has so many eateries, shops and attractions all in easy walking distance.
My office is located just a short walk from Oyster Point City center just look for the building with a light green roof. I would be happy discuss what is important to you as we begin your search for your very on piece of Newport News Real Estate and turn it into a place you can call home. Call me today at (757) 968-2938 or email me RTKACZ@ROSEANDWOMBLE.COM