Side-by-side comparison of Chesapeake, 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 Chesapeake's 3.61%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $345,000 in Chesapeake vs $235,000 in Newport News, while rents come in at $1,580/mo and $1,280/mo respectively.
Growth & appreciation: Chesapeake is growing faster at 0.9% annually vs Newport News's 0.4%. Chesapeake leads on home value appreciation at 3% per year.
Costs & risk: Property taxes are 0.82% in Chesapeake vs 0.98% in Newport News. Vacancy rates of 4.8% and 5.8% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Chesapeake edges out Newport News on most key metrics. While cap rates are moderate at 3.61%, Chesapeake's overall profile is stronger. Use our free calculators to model specific deals in Chesapeake or Newport News.