ZIP Code 23703 — Portsmouth city, VA Demographics & Data

ZIP code 23703 covers Portsmouth, VA in Portsmouth city with a population of about 26,364.

At a glance, the area shows median age of 37.3 versus a U.S. median of about 38.9.

It sits in telephone area codes 757, 948; U.S. House district VA-3; the NORFOLK - PORTSMTH - NEWPT NWS media market.

Median household income in ZIP 23703 is about $75,804 — about even with the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 11.8%; unemployment rate near 4.3%; 29.4% of adults with a bachelor’s degree or higher (about 4.4 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Manufacturing, and Public administration; about 9.9% of workers reporting work-from-home (about 5.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $273,700 — about 21% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,160 (about even with the U.S. median rent ($1,163)), and owner-occupancy near 70.3% (about 4.9 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 23703 in Portsmouth, VA, a household would need roughly $75,000 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 $1,758. That is roughly in line with the local median household income ($75,804). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Climate normals for Portsmouth city, VA show little to no average snow and around 45.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,488 for ZIP 23703 (Portsmouth city, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.