Housing costs in Portsmouth?
A typical home costs
$202,700, which is 40.0% less expensive than the national average of
$338,100 and 40.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Portsmouth costs
$1,200 per month, which is 14.3% cheaper than the national average of
$1,400 and 10.0% cheaper than the state average of
$1,320.
Can I afford Portsmouth?
To live comfortably in Portsmouth (zip 23704), Virginia, a minimum annual income of
$38,880 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Portsmouth?
The cost of living in 23704 Portsmouth, VA is slightly higher than the national average. Goods and services are about 10% more expensive, but this is offset by the city’s low housing costs. The median home price in Portsmouth is around $120,000, significantly lower than most cities in the state and across the nation. Additionally, utilities and transportation costs are much lower than other cities, making it an affordable place to live.