The Most Affordable Neighborhoods in Reservoir, Newport News, VA by Home Value

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These days, finding an affordable place to live in the Reservoir area can be challenging. Home prices in Reservoir are now at a median cost of $183,677, lower than the Newport News average of $197,836.

The average cost of rent is $1,403/mo in Reservoir, primarily driven by the current value of real estate in the Reservoir area. While nearly 56.42% of residents own their homes outright in Reservoir, 57.28% rent.

Housing affordability isn’t just about home prices, though. The average household income in Reservoir is $5,605 per month. Households that rent pay about 25.03% of their income on rent here. Reservoir's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.

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