Housing in Portsmouth, VA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$272,000
Median List Price
$275,000
Price Per Sq Ft
$177
Days on Market
47
Active Inventory
310
Months of Supply
2.6
Seller's market
Zillow Home Value
$254,302
ZHVI — January 2026
Zillow Rent Index
$1,565
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
35.3%
Off Market in 2 Weeks
35.2%
Sale-to-List Ratio
99.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
119
New Listings
160
Pending Sales
159
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$177
Median List $/SF
$184
Portsmouth vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Portsmouth is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$229,400
Median Rent
$1,266
Total Housing Units
43,233
Vacancy Rate
8.2%
Owner Occupied
56.9%
Renter Occupied
43.1%
Median Property Tax
$2,452
per year
Monthly Cost (w/ Mortgage)
$1,378
Housing Types
The current median sale price in Portsmouth, VA is $272,000 according to Redfin data. Homes spend a median of 47 days on the market. 35.3% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $177. Zillow's observed rent index is $1,565/month. About 56.9% of housing units are owner-occupied. The median year homes were built is 1966. There are 43,233 total housing units.