Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Portsmouth area can be challenging. Home prices in Portsmouth are now at a median cost of $457,767, higher than the Rhode Island average of $323,786.
The average cost of rent is $1,688/mo in Portsmouth, primarily driven by the current value of real estate in the Portsmouth area. While nearly 34.59% of residents own their homes outright in Portsmouth, 19.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Portsmouth is $8,942 per month. Households that rent pay about 18.88% of their income on rent here. Portsmouth's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Prudence Park, RI: equally priced homes
- Prudence Island, RI: equally priced homes
- Middletown, RI: equally priced homes
- Tiverton, RI: less expensive homes
- Newport East, RI: less expensive homes
- Bristol, RI: less expensive homes
- Little Compton, RI: higher priced homes
- Newport, RI: higher priced homes
- Westport, MA: equally priced homes
- Jamestown, RI: higher priced homes
Cities with Similar Populations
- Spearfish, SD: less expensive homes
- Firestone, CO: less expensive homes
- Scott, LA: less expensive homes
- Selma, NC: less expensive homes
- Senoia, GA: less expensive homes
- Smithfield, VA: less expensive homes
- Somerset, MA: less expensive homes
- South Hadley, MA: less expensive homes
- South Ogden, UT: less expensive homes
- South River, NJ: less expensive homes
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