Skip to main content

Area data

Portsmouth, VA — ZIP 23702

Population: 12,485 (Census ACS)

Home values & appreciation

Median home value
$229,750
1-year appreciation
-0.2%
3-year appreciation
+8.3%
5-year appreciation
+29.6%
10-year appreciation
+90.9%
All-time peak (2025-01)
$234,966
House Price Index
423.6 (+3.3% YoY)

Market activity

Median sale price
$151,250
Median list price
$214,000
Median days on market
131.5 days
Sale-to-list ratio
103.2%
Active listings
1
1-year forecast
+1.4%
New listings (monthly)
18

Rents

Typical rent
$1,603/mo
1-year rent change
+5.7%
1BR fair-market rent
$1,310/mo
3BR fair-market rent
$2,050/mo

Affordability

Cost of living index (Above Average)
103.5 (100 = US avg)
Electricity rate (state-level)
15.3¢/kWh
Natural gas rate (state-level)
$16.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
0

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coastalFlooding, hurricane, lightning, winterWeather
FEMA flood zone
AE
Flood risk level
High

Climate (30-year normals)

Annual precipitation
55.6 in

Walkability & transit

Walkability index
14.2 / 20
Transit service frequency
699

Amenities

National parks within ~60 mi
5
Nearest national park
Fort Monroe National Monument (15 mi)
Nearest airport
Hampton Roads Executive Airport (7 mi)
Nearest major airport
Norfolk International Airport (ORF) (10 mi)
Hospitals nearby (~15 mi)
8
Avg hospital rating
3.7 / 5
Solar radiation rating
Fair (4.3 kWh/m²/day)

Migration

Net migration
+39 tax filers

Housing stock

Median year housing built
1,956
Median annual property tax
$2,265
Mean commute to work
22 min
Households with broadband internet
62.4%

Employment & development

Total county employment
25,197
Average weekly wage
$1,070
Top industries (by employment)
Health Care, Administrative Services, Accommodation & Food
Annual residential building permits (county)
188

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents