23605, Newport News, VA

The 23605 zip code of Newport News, VA has a population of over 137,000 people and is home to many large businesses. The median home value in the zip code is $209,900 which is above the national median home value of $177,500. The percentage of homes in the zip code that are owned outright is 46%, while the percentage that are owned with a mortgage is 54%. This indicates that there are a lot of homeowners in this area and that they have plenty of equity in their homes.

The average monthly payment on a mortgage in this zip code is $1,521 which indicates that most homeowners here can afford to pay their mortgages. Additionally, the percentage of households earning over $75,000 per year is high compared to other areas in Virginia. This may be due to the large number of businesses located in this area or it could be indicative of the quality of life here. Regardless, it seems like many people can afford to live in this area and own their homes.