Richmond vs Newport News: Housing
| Richmond | Newport News | |
|---|---|---|
| Median Home Value | $353,000 | $260,600 |
| Median Gross Rent | $1,372/mo | $1,339/mo |
| Homeownership Rate | 43.5% | 48.2% |
| Rent as Share of Income | 25.5% | 23.1% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.