The housing market in the Portsmouth, OH Metro Area has been performing exceptionally well over the past year. The median value of a house in this area is $105,800, which is significantly lower than the US median value of $338,100. However, house appreciation in the Portsmouth, OH Metro Area has been higher than the national average, with an appreciation rate of 11.76%, compared to the US 1 year appreciation rate of 8.27%. This indicates that housing prices in this area are on the rise and there is great opportunity for potential home buyers who wish to purchase property here.
The median home cost in Portsmouth Metro Area is $105,800. Home appreciation the last 10 years has been 56.3%. Home Appreciation in Portsmouth Metro Area is up 13.7%.
Average Age of Homes
- The median age of Portsmouth Metro Area real estate is 53 years old
The Rental Market in Portsmouth Metro Area
- Renters make up 26.9% of the Portsmouth Metro Area population
- 1.5% of houses and apartments in Portsmouth Metro Area, 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.