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Portsmouth city, VA

ZIP 23703 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23703

Median Home Value
$273,700
Median Rent
$1,160
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,758/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23703 in Portsmouth city, VA, a household would need roughly $75,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,758. That is roughly in line with the local median household income ($75,804). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.3%+7% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
1.1%-91% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
24.9%-50% vs US avg
x
Mortgage-Free
29.1%-24% vs US avg
x
$273,700
Home Value
$1,160
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.4%
  • 1-unit attached16.4%
  • 2-9 units14.6%
  • 10+ units4.7%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$273,700
Median rent$1,160
Owner-occupied70.3%
Vacant8.2%
Price-to-income3.6x
Est. income to buy$75,000