Home Insurance in Newport News city, Virginia
With a median home value of $260,600, Newport News city is 32% lower than the Virginia median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Newport News city was built around 1979. About 20% of homes were built before 1960, in line with Virginia (19%).
Housing in Newport News city breaks down to 61% single-family homes, 28% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
71% of owner-occupied homes in Newport News city carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 48% of occupied homes in Newport News city are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Newport News city - 61% - are primarily heated with electricity.
FEMA's National Risk Index lists hurricane (Relatively Moderate), winter weather (Relatively High) and strong wind (Relatively Moderate) as the leading hazards for Newport News city.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Newport News city has 1,500 active NFIP flood policies on file.
In Virginia, the statewide average premium for a standard HO-3 homeowners policy is $1,537 per year (NAIC, 2023 data).
Key figures
| Median home value | $260,600 |
|---|---|
| Median year built | 1979 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top hazards (FEMA National Risk Index) | Hurricane (Relatively Moderate), Winter Weather (Relatively High), Strong Wind (Relatively Moderate) |
| Active NFIP flood policies (county) | 1,500 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)