Portsmouth, VA—23704
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$242,000
2.2% YoY Growth
Household Income
$44,700
25.9% YoY Growth
Days on Market
35
4.0% Longer YoY
Home Price Forecast
1.6%
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 May '26, the median home price in Portsmouth, VA is $242,000, with a year-over-year change of -2.2%. This indicates that home prices in Portsmouth, VA are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | -2.2% |
| Single Family | $245,000 | -1.6% |
| Condos | $190,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |