Side-by-side comparison of Richmond, VA and Newport News, VA — cap rates, rent, prices, and investment metrics.
Cash flow: Newport News has the edge with an estimated cap rate of 4.38% compared to Richmond's 3.66%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $320,000 in Richmond vs $235,000 in Newport News, while rents come in at $1,480/mo and $1,280/mo respectively.
Growth & appreciation: Richmond is growing faster at 1.1% annually vs Newport News's 0.4%. Richmond leads on home value appreciation at 3.4% per year.
Costs & risk: Property taxes are 0.82% in Richmond vs 0.98% in Newport News. Vacancy rates of 4.9% and 5.8% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Richmond edges out Newport News on most key metrics. While cap rates are moderate at 3.66%, Richmond's overall profile is stronger. Use our free calculators to model specific deals in Richmond or Newport News.