Zip 23704 (Portsmouth, VA) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Portsmouth, Virginia	United States
	9,153.0	139,647,020.0
	64	42
	$202,700	$338,100
	12.9%	16.6%
	42.4%	57.0%
	54.9%	101.1%
	$11.78	$10.98
	$1,773	$2,690
	31.8%	57.4%
	12.2%	11.2%
	56.0%	31.4%
Vacant Housing
	2.3%	1.9%
	0.3%	0.4%
	2.2%	0.7%
	0.1%	0.4%
	1.5%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	1.7%	2.8%
	3.0%	3.9%
	16.2%	4.5%
	27.7%	11.3%
	20.9%	13.0%
	18.4%	20.1%
	7.4%	13.6%
	2.8%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.3%	13.6%
	8.3%	13.6%
	6.9%	13.6%
	8.8%	13.2%
	9.6%	14.8%
	6.9%	13.6%
	11.3%	10.0%
	17.0%	4.7%
	25.5%	12.2%

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