Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Portsmouth City area can be challenging. Home prices in Portsmouth City are now at a median cost of $186,817, lower than the Virginia average of $323,261.
The average cost of rent is $1,244/mo in Portsmouth City, primarily driven by the current value of real estate in the Portsmouth City area. While nearly 32.12% of residents own their homes outright in Portsmouth City, 42.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Portsmouth City is $4,860 per month. Households that rent pay about 25.59% of their income on rent here. Portsmouth City's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the county.
Nearby Counties
- Chesapeake City, VA: higher priced homes
- Norfolk City, VA: higher priced homes
- Suffolk City, VA: higher priced homes
- Virginia Beach City, VA: higher priced homes
- Isle of Wight County, VA: higher priced homes
- Southampton County, VA: equally priced homes
- Sussex County, VA: less expensive homes
- Greensville County, VA: less expensive homes
- Brunswick County, VA: less expensive homes
- Lunenburg County, VA: less expensive homes
Counties with Similar Populations
- Mendocino County, CA: higher priced homes
- Rockingham County, NC: less expensive homes
- Rockdale County, GA: equally priced homes
- Roanoke County, VA: higher priced homes
- Roanoke City, VA: less expensive homes
- Pottawattamie County, IA: equally priced homes
- Platte County, MO: higher priced homes
- Nevada County, CA: higher priced homes
- Navajo County, AZ: less expensive homes
- Moore County, NC: higher priced homes
All Local Stats
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