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Portsmouth city, VA

ZIP 23704 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23704

Median Home Value
$197,400
Median Rent
$1,053
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,268/mo PITI).

28%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

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

15.6 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 23704 in Portsmouth city, VA, a household would need roughly $54,000 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 $1,268. That is about 21% above the local median household income ($44,739), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
38.0%-42% vs US avg
x
Vacancy Rate
9.3%-10% vs US avg
x
Broadband Access
85.2%-2% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
16.5%+29% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
34.7%-30% vs US avg
x
Mortgage-Free
30.4%-21% vs US avg
x
$197,400
Home Value
$1,053
Rent
1959
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached42.1%
  • 1-unit attached6.8%
  • 2-9 units23.9%
  • 10+ units25.8%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,400
Median rent$1,053
Owner-occupied38.0%
Vacant9.3%
Price-to-income4.4x
Est. income to buy$54,000