Why Live in Reservoir
Reservoir, a neighborhood in Newport News, is bordered by the Warwick River to the west and Lee Hall Reservoir to the north. The area is known for its proximity to Newport News Park, one of the largest city-run parks in the country, featuring over 30 miles of trails, a 5-mile multi-use path, and facilities for archery, disc golf, and flying model airplanes. The neighborhood is primarily residential, with home styles ranging from townhouses and condos to single-owner homes, including 1980s ranches and Cape Cods, as well as modern Craftsman-style townhouses. Warwick Boulevard on the east end provides access to commercial amenities, including a Food Lion, and a variety of dining options such as Papo’s Columbian Restaurant, Supreme Restaurant, and The Original Pizza Sam. The area is served by highly rated schools, including David Dutrow Elementary, Mary Passage Middle, and Woodside High, which is noted for its strong music program and Arts and Communication magnet program. Reservoir has a crime rate lower than the national average, contributing to its appeal. The neighborhood's central thoroughfare, Warwick Boulevard, connects to Washington Boulevard and Interstate 64, facilitating access to cultural attractions like the Army Transportation Museum and regional destinations such as Busch Gardens, located 10 miles north.
Home Trends in Reservoir, VA
On average, homes in Reservoir, Newport News sell after 33 days on the market compared to the national average of 51 days. The median sale price for homes in Reservoir, Newport News over the last 12 months is $300,000, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$300,000
Median Single Family Sale Price
$302,499
Median Townhouse Sale Price
$273,000
Average Price Per Sq Ft
$190
Number of Homes for Sale
10
Last 12 months Home Sales
77
Median List Price
$300,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%