23603, Newport News, VA

The 23603 zip code of Newport News, VA has a median home value of $158,000 and a median home equity of $111,000. This is a relatively high home value and equity for the area, which may be due to the presence of many large corporations in the area or the recent influx of new residents. The average commute time to work in this zip code is 26 minutes, which is below the national average.

There are a number of factors that could contribute to the high home values and equity in this zip code. Some potential reasons include:

-The presence of many large corporations in the area, which may lead to increased demand for housing and increased prices

-The recent influx of new residents into the area, who may be more affluent than those who have lived in the area for longer periods of time and are likely willing to spend more on housing

-Low unemployment rates in the area (4.5% as of May 2017)