Portsmouth Home Prices & Values

$139,600 Zillow Home Value Index What's This?  
Close

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

  • 3.4% 1-year change
  • 0.8% 1-year forecast

The median home value in Portsmouth is $139,600. Portsmouth home values have gone up 3.4% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Portsmouth is $99, which is lower than the Virginia Beach Metro average of $131. The median price of homes currently listed in Portsmouth is $140,000 while the median price of homes that sold is $143,335. The median rent price in Portsmouth is $1,100, which is lower than the Virginia Beach Metro median of $1,269.

Foreclosures will be a factor impacting home values in the next several years. In Portsmouth 0.2 homes are foreclosed (per 10,000). This is lower than the Virginia Beach Metro value of 1.8 and also lower than the national value of 4.8

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 6.9%, which is lower than the national value of 7.2%. 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 38.4%, which is higher than Virginia Beach Metro at 28.3%.

more
Relative ZHVI
- +

Portsmouth Market Overview

Data through May 31, 2014
  • $139,600 ZHVI
  • 0.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $140,000 Median listing price
  • $143,335 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Portsmouth Market Health

Data through May 31, 2014
  • 4.1/10 Less healthy What's This?  
    Close

    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.

  • No data Average of days on Zillow
  • 38.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.9% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.2 homes(Jan 31, 2014) Portsmouth
1.8 homes Virginia Beach Metro
4.8 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Yorktown $293,500 Seaford $276,000 Virginia Beach $238,600
Chesapeake $231,800 Moyock $226,100 Knotts Island $181,500
Hampton $153,400 Newport News $153,200  

Listings & Sales

Data through May 31, 2014
  • $99 Median list price / sq ft
  • $102 Median sale price / sq ft
  • 34.2% Listings with price cut
35.9%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Portsmouth Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,192 Portsmouth
$1,418 Virginia Beach Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,100 Rent list price
  • $0.91 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading