The story of this market
The typical home in ZIP 23701 sells for about $260,000, or $186 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,305 a month.
ZIP 23701 — Portsmouth
The 23701 housing market is characterized as very competitive with a median listing price of $260,000. Year-over-year price growth is positive at 5.1%. Several data points, including specific tax rates, income, and demographic breakdowns, are not currently published at the ZIP level.
Median prices moved up 5.1% year over year.
Homes spend a median of 41 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.4% · poverty 12.3% — a stable, low-distress profile.
ZCTA 23701, Portsmouth city, Virginia
not determinable
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).