Portsmouth, VA has seen an 11.18% increase in housing median value over the past year, which is significantly higher than the US national average of 8.27%. The median value of a house in Portsmouth is currently $229,900, which is much lower than the US average of $338,100. This makes Portsmouth an attractive option for those looking to purchase a home as there are significant savings to be had.
The median home cost in Portsmouth is $229,900. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Portsmouth is up 12.9%.
Average Age of Homes
- The median age of Portsmouth real estate is 51 years old
The Rental Market in Portsmouth
- Renters make up 39.7% of the Portsmouth population
- 2.1% of houses and apartments in Portsmouth, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.