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Portsmouth city, VA

ZIP 23707 — 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 23707

Median Home Value
$222,100
Median Rent
$858
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,427/mo PITI).

20%
Rent-to-Income Ratio

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

4.3x
Home Price-to-Income Ratio

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

21.6 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 23707 in Portsmouth city, VA, a household would need roughly $61,000 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 $1,427. That is about 19% above the local median household income ($51,070), so the median earner would likely stretch or need a larger down payment. 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
Owner Occupied
56.4%-14% vs US avg
x
Vacancy Rate
9.7%-6% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
18.8%+47% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
29.1%-41% vs US avg
x
Mortgage-Free
26.6%-30% vs US avg
x
$222,100
Home Value
$858
Rent
1954
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached62.6%
  • 1-unit attached5.9%
  • 2-9 units23.8%
  • 10+ units7.5%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$222,100
Median rent$858
Owner-occupied56.4%
Vacant9.7%
Price-to-income4.3x
Est. income to buy$61,000