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Portsmouth city, VA

ZIP 23701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23701

Median Home Value
$218,900
Median Rent
$1,017
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,406/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23701 in Portsmouth city, VA, a household would need roughly $60,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,406. That is roughly in line with the local median household income ($63,389). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.3%+1% vs US avg
x
Vacancy Rate
6.5%-37% vs US avg
x
Broadband Access
87.9%+1% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
10.8%-15% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$218,900
Home Value
$1,017
Rent
1965
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.3%
  • 1-unit attached5.7%
  • 2-9 units11.1%
  • 10+ units5.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$218,900
Median rent$1,017
Owner-occupied66.3%
Vacant6.5%
Price-to-income3.5x
Est. income to buy$60,000