Zip 23707 (Portsmouth, VA) Housing

The housing in Portsmouth, VA (23707) is quite desirable. According to the latest data, the median value of a home in Portsmouth is $207,500, which is significantly lower than the US median of $338,100. Despite this difference, Portsmouth's homes have appreciated more rapidly than the national average over the past year at 11.17%. This increase in value makes owning a home in Portsmouth an attractive prospect for potential buyers.

The median home cost in Portsmouth (zip 23707) is $207,500. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Portsmouth (zip 23707) is up 12.9%.

Average Age of Homes

- The median age of Portsmouth (zip 23707) real estate is 60 years old

The Rental Market in Portsmouth (zip 23707)

- Renters make up 46.1% of the Portsmouth (zip 23707) population
- 2.0% of houses and apartments in Portsmouth (zip 23707), 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
	7,149.0	139,647,020.0
	68	42
	$207,500	$338,100
	12.9%	16.6%
	42.4%	57.0%
	54.9%	101.1%
	$11.38	$10.98
	$1,935	$2,690
	49.1%	57.4%
	11.5%	11.2%
	39.4%	31.4%
Vacant Housing
	2.0%	1.9%
	0.2%	0.4%
	1.5%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	7.3%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	0.9%	3.9%
	6.6%	4.5%
	24.8%	11.3%
	34.5%	13.0%
	24.2%	20.1%
	5.3%	13.6%
	1.3%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	4.4%	13.6%
	9.1%	13.2%
	10.5%	14.8%
	4.4%	13.6%
	16.9%	10.0%
	18.3%	4.7%
	26.4%	12.2%

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