The housing market in 23704 Portsmouth, VA is doing much better than the national average. The median value of homes in 23704 is $202,700 compared to the US house median value of $338,100. Furthermore, over the past year houses in this area have appreciated by 11.17%, which is significantly higher than the 8.27% appreciation rate nationwide. This suggests that investing in properties in this region is a good option for those looking for a good return on investment.
The median home cost in Portsmouth (zip 23704) is $202,700. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Portsmouth (zip 23704) is up 12.9%.
Average Age of Homes
- The median age of Portsmouth (zip 23704) real estate is 58 years old
The Rental Market in Portsmouth (zip 23704)
- Renters make up 50.0% of the Portsmouth (zip 23704) population
- 2.3% of houses and apartments in Portsmouth (zip 23704), 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.