Portsmouth, VA—23701
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$264,000
0.4% YoY Growth
Household Income
$63,400
22.6% YoY Growth
Days on Market
34
18.0% Shorter YoY
Home Price Forecast
0.9%
Median Rent
$1,660
1.2% YoY Growth
1-Bed Rent
$1,080
39.4% YoY Growth
2-Bed Rent
$1,200
12.2% YoY Growth
3-Bed Rent
$1,720
10.1% YoY Growth
Home Price Trends — Portsmouth, VA
As of May '26, the median home price in Portsmouth, VA is $264,000, with a year-over-year change of 0.4%. This indicates that home prices in Portsmouth, VA are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 0.4% |
| Single Family | $265,000 | 1.1% |
| Condos | $133,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |