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Portsmouth

Learn about the people, housing, costs and businesses in Portsmouth County

Median Home$246,806
Median Rent$1,367/month
Population97,190
Leading IndustriesEducation · Healthcare2% education
Home Value Growth⬆⬆+19.6% over 2 years
Young Adults32% of residentswell above average
Homeowners58% of occupied units
NotableVeteran Community13% of residents · top 3% nationally
NotableAmenity Score66/100 · highly walkable area
Portsmouth City
VA

Frequently Asked Questions

What are today's mortgage rates in Portsmouth?

As of today, the 30-year fixed mortgage rate for Portsmouth is approximately 7.174% (7.204% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Portsmouth?

The median home value in Portsmouth is $247k. The median monthly rent is $1,367. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Portsmouth?

Home values in Portsmouth have increased 19.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Portsmouth?

Based on a typical all-in ownership cost of $1,368/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Portsmouth is $62k/year.

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What industries drive the economy in Portsmouth?

The largest employment sectors in Portsmouth are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas