Zip 23701 (Portsmouth, VA) Housing

Portsmouth, VA is a great place to consider when looking for housing. According to the current data, Portsmouth has a median value of $225,300 which is much lower than the US House Median Value of $338,100. Not only that, but in the last year Portsmouth's houses have appreciated by 11.17%, compared to 8.27% for the US Houses overall. This makes investing in a house in Portsmouth an even better option as it will likely appreciate over time while still being affordable now.

The median home cost in Portsmouth (zip 23701) is $225,300. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Portsmouth (zip 23701) is up 12.9%.

Average Age of Homes

- The median age of Portsmouth (zip 23701) real estate is 54 years old

The Rental Market in Portsmouth (zip 23701)

- Renters make up 29.6% of the Portsmouth (zip 23701) population
- 1.6% of houses and apartments in Portsmouth (zip 23701), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Portsmouth, Virginia	United States
	10,487.0	139,647,020.0
	56	42
	$225,300	$338,100
	12.9%	16.6%
	42.4%	57.0%
	54.9%	101.1%
	$12.29	$10.98
	$2,094	$2,690
	58.9%	57.4%
	9.2%	11.2%
	31.8%	31.4%
Vacant Housing
	1.6%	1.9%
	0.9%	0.4%
	2.9%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.4%	2.4%
	0.4%	2.8%
	1.2%	3.9%
	3.5%	4.5%
	22.1%	11.3%
	35.4%	13.0%
	27.3%	20.1%
	3.8%	13.6%
	1.7%	8.3%
	1.4%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	3.0%	13.6%
	3.0%	13.6%
	3.9%	13.6%
	8.8%	13.2%
	16.8%	14.8%
	3.9%	13.6%
	22.5%	10.0%
	12.1%	4.7%
	1.3%	12.2%

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