Newport News vs Suffolk
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Newport News has an edge
Newport News currently favors renting, with better rent-to-price dynamics.
Median Home PriceBETTER
$284,020.02
Median RentBETTER
$1,556.55/mo
Price-to-Rent RatioBETTER
15.2
Property Tax RateTIE
0.82%
Price Change (1Y)
+1.2%
Price Change (5Y)
+6.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$122,470
Median Home Price
$373,720.35
Median Rent
$1,909.72/mo
Price-to-Rent Ratio
16.3
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+1.6%
Price Change (5Y)BETTER
+7.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$165,982
Key Differences
Home Prices
Newport News's median home price of $284,020.02 is lower than Suffolk's $373,720.35 by 24%.
Monthly Rent
Renting in Newport News costs $1,556.55/mo compared to $1,909.72/mo in Suffolk—a difference of $353.17/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.