Home Values

Portsmouth Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$313,700

  • -1.5% 1-year change
  • 1.0% 1-year forecast

The median home value in Portsmouth is $313,700. Portsmouth home values have declined -1.5% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Portsmouth is $235, which is higher than the Providence Metro average of $174. The median price of homes currently listed in Portsmouth is $429,000 while the median price of homes that sold is $359,765.

Foreclosures will be a factor impacting home values in the next several years. In Portsmouth 3.0 homes are foreclosed (per 10,000). This is lower than the Providence Metro value of 4.9 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Portsmouth is 4.6%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Portsmouth homeowners underwater on their mortgage is 9.4%, which is lower than Providence Metro at 18.0%.

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Relative ZHVI
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Portsmouth Market Overview

Data through Jan 31, 2015
  • $313,700 ZHVI
  • 1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $429,000 Median listing price
  • $359,765 Median sale price (Dec 31, 2014)
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Portsmouth Market Health

Data through Jan 31, 2015
  • 6.9/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 9.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3 homes Portsmouth
4.9 homes Providence Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Jamestown $511,500
Little Compton $471,500
Barrington $372,700
Name Median ZHVI
Newport $361,900
Middletown $312,900
Bristol $281,200
Name Median ZHVI
Swansea $240,700
Warren $237,900
Town of Tiverton $223,100

Listings & Sales

Data through Jan 31, 2015
  • $235 Median list price / sq ft
  • $196 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
35.4%
Sold below listing
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Portsmouth Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,961 Portsmouth
    $1,530 Providence Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.30 Rent list price / sq ft
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