The story of this market
The typical home in ZIP 23703 sells for about $335,000, or $199 per square foot.
Prices are up +1.5% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,246 a month.
ZIP 23703 — Portsmouth
The 23703 housing market shows modest price appreciation with a median listing price of $335,000. Rental demand is significantly outpacing sales growth, evidenced by an 18.4% year-over-year increase in median rents. Inventory remains relatively tight, and market activity is driven by local demand within the Portsmouth area.
This ZIP is primarily suited for families and commuters who prioritize suburban housing options with relatively quick access to the broader Portsmouth and Hampton Roads employment centers.
Median prices moved up 1.5% year over year.
Homes spend a median of 24 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) — a stable, low-distress profile.
ZCTA 23703, Portsmouth city, Virginia
The vast majority of residents (86.7%) commute by driving, with minimal reliance on public transit.
The area features residential neighborhoods with access to local parks and proximity to regional shopping and dining hubs in Portsmouth.
The rental market has seen significant upward pressure with an 18.4% year-over-year increase in median asking rent.
The local economy is heavily influenced by the broader Hampton Roads region, which is anchored by military, maritime, and logistics sectors.
Data retrieved from Data Commons and Census-based sources.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).