Portsmouth, VA—23704
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$228,000
1.4% YoY Growth
Household Income
$44,700
25.9% YoY Growth
Days on Market
49
2.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$1,350
3.4% YoY Growth
1-Bed Rent
$1,200
8.0% YoY Growth
2-Bed Rent
$1,300
10.1% YoY Growth
3-Bed Rent
$1,900
6.7% YoY Growth
Home Price Trends — Portsmouth, VA
As of Nov '25, the median home price in Portsmouth, VA is $228,000, with a year-over-year change of -1.4%. This indicates that home prices in Portsmouth, VA are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | -1.4% |
| Single Family | $231,000 | -2.1% |
| Condos | $185,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |