Home prices
Portsmouth's median home cost is $170,900. It is roughly $77,120 (31%) lower compared to its surrounding areas.It is approximately $46,600 (21%) lower in comparison to the entire nation, and compared to the city of Virginia Beach is approximately $109,900 (39%) lower.
Rents
In Portsmouth the median rent is $1,048 a month. In comparison to its surrounding areas this is approximately $89 (7%) lower.In comparison to the US as a whole it is approximately $14 (1%) lower, and in comparison to the city of Virginia Beach it is roughly $319 (23%) lower.
Nearby places
Norfolk
Norfolk is Portsmouth's neighbor to the northeast. Its real estate prices are somewhat more expensive. The median home in Norfolk is valued at $206,700, which is $35,800 (17%) higher than Portsmouth. Its rents are similar. In Norfolk the median monthly rent is $1,059, which works out to $11 (1%) higher than Portsmouth.
Chesapeake
Chesapeake is Portsmouth's neighbor to the south. Real estate prices there are substantially more expensive. Chesapeake's median home value is $273,700, which works out to $102,800 (37%) higher than Portsmouth. Rents there are a little more expensive. The median rent in Chesapeake is $1,279 per month, which comes out to $231 (18%) higher than Portsmouth.
Carrollton
Carrollton is roughly 10 miles northwest of Portsmouth. Its real estate prices are significantly more expensive. The value of the median home in Carrollton is $290,200, which comes out to $119,300 (41%) higher than Portsmouth. Its rents are a little more expensive. In Carrollton the median rent is $1,306 per month, which is $258 (19%) higher than Portsmouth.
Hampton
Hampton is roughly 14 miles north of Portsmouth. The housing prices there are somewhat more expensive. The median home in Hampton is valued at $186,700, which works out to $15,800 (8%) higher than Portsmouth. Its rents are a bit more expensive. Hampton's median rent is $1,118 per month, which comes out to $70 (6%) higher than Portsmouth.
Smithfield
Smithfield is about 15 miles northwest from Portsmouth. The real estate prices there are a lot more expensive. The median home in Smithfield costs $282,800, which is $111,900 (39%) higher than Portsmouth. Rents there are somewhat less expensive. The median rent in Smithfield is $925 a month, which is $123 (13%) lower than Portsmouth.
