The story of this market
The typical home in Portsmouth (city), Virginia sells for about $294,170, or $189 per square foot.
Prices are up +9% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. Over the long run, values in this county have grown 140% since 2000. Last year 13 of 22 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,667 a month.
HUD sets the fair market rent for a 2-bedroom at $1,667 a month. FEMA's National Risk Index rates overall hazard risk here as Very Low.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+21.3%). Worst: 2009 (-6.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,298
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 22 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
12
Very Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $18,187,681.
Mortgage activity
Home lending in this county
72.1%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 4836 | 2251 | 72.1% | 10.1% | $165,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Portsmouth (city), Virginia
The Portsmouth housing market shows steady demand with a 9% year-over-year price increase and a median sale price of $294,170. Inventory remains extremely tight, contributing to a rapid turnover rate of 25 days on market. The market is currently characterized by low supply and consistent buyer interest.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 1 city · 7 ZIP reports
Median prices moved up 3.2% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.97% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 16.8% — a mixed stability profile.
Deterministic aggregate of 7 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 29
researched Sep 29
researched Oct 16
researched Oct 1
researched Sep 17
researched Sep 19
researched Sep 20
| 23701 | Portsmouth | $260,000 | $186 | +5.1% | 41 | — | — | — | 63 | $1,305 | researched Sep 29 |
| 23702 | Portsmouth | $294,170 | $180 | -7.2% | 38 | 97% | 3% | 1 | 249,900 | $1,242 | researched Sep 29 |
| 23703 | Portsmouth | $335,000 | $199 | +1.5% | 24 | — | — | — | 67 | $2,246 | researched Oct 16 |
| 23704 | Portsmouth | $274,000 | $170 | — | 53 | — | — | — | 33 | $1,310 | researched Oct 1 |
| 23707 | Portsmouth | $290,000 | $182 | +2.8% | 33 | 100.8% | — | — | 41 | $1,101 | researched Sep 17 |
| 23708 | Portsmouth | $318,020 | $177 | 0% | 49 | 100% | — | — | 1 | $1,590 | researched Sep 19 |
| 23709 | Portsmouth | $215,000 | $176 | 0% | 86 | — | — | — | 263 | $1,520 | researched Sep 20 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Data retrieved from Census Reporter and ACS 2024 profiles for Portsmouth city, VA.