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Portsmouth city, VA

ZIP 23702 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23702

Median Home Value
$188,600
Median Rent
$1,047
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,212/mo PITI).

26%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

15.0 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 23702 in Portsmouth city, VA, a household would need roughly $52,000 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 $1,212. That is roughly in line with the local median household income ($48,288). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics

Historic housing stock (25% built before 1939)

Owner Occupied
45.1%-31% vs US avg
x
Vacancy Rate
7.6%-26% vs US avg
x
Broadband Access
85.5%-2% vs US avg
x
4+ Bedrooms
0.5%-97% vs US avg
x
Built Pre-1939
25.5%+99% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
22.7%-54% vs US avg
x
Mortgage-Free
29.8%-22% vs US avg
x
$188,600
Home Value
$1,047
Rent
1956
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached55.2%
  • 1-unit attached10.2%
  • 2-9 units27.1%
  • 10+ units6.8%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$188,600
Median rent$1,047
Owner-occupied45.1%
Vacant7.6%
Price-to-income3.9x
Est. income to buy$52,000