Zip 23703 (Portsmouth, VA) Housing

In 23703 Portsmouth, VA the median value of housing is $278,400. This is significantly lower than the US median value of $338,100. While the US experienced an 8.27% appreciation in housing values over the past year, 23703 Portsmouth experienced a larger 11.17% appreciation in housing values over the same period. This indicates that those seeking to invest in real estate in this area will benefit- both from the lower house prices and greater appreciation rate.

The median home cost in Portsmouth (zip 23703) is $278,400. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Portsmouth (zip 23703) is up 12.9%.

Average Age of Homes

- The median age of Portsmouth (zip 23703) real estate is 39 years old

The Rental Market in Portsmouth (zip 23703)

- Renters make up 32.5% of the Portsmouth (zip 23703) population
- 3.1% of houses and apartments in Portsmouth (zip 23703), 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
	10,857.0	139,647,020.0
	43	42
	$278,400	$338,100
	12.9%	16.6%
	42.4%	57.0%
	54.9%	101.1%
	$12.03	$10.98
	$2,783	$2,690
	61.7%	57.4%
	9.4%	11.2%
	28.9%	31.4%
Vacant Housing
	3.1%	1.9%
	0.5%	0.4%
	0.5%	0.7%
	0.7%	0.4%
	0.0%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.3%	3.9%
	1.6%	4.5%
	11.6%	11.3%
	15.0%	13.0%
	53.4%	20.1%
	9.9%	13.6%
	2.6%	8.3%
	2.1%	9.7%
	0.8%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	17.2%	13.6%
	16.2%	13.2%
	23.9%	14.8%
	17.2%	13.6%
	10.7%	10.0%
	1.6%	4.7%
	3.1%	12.2%

Reviews for Portsmouth

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Geodee · Portsmouth, VA

Schools

Over 17 years ago

The schools here are horrible. The worst I have ever seen. The schools are never making the state More

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Sara · Portsmouth, VA

Great place to live.....except for schools.

Over 19 years ago

I've read a few comments about the Hampton Roads area as a whole saying what a horrible place it is to live. I grew up in central NJ and I disagree. Yes....the cost of More