Portsmouth, VA Real Estate

According to census data in the year 2000 there were 41,605 housing units in Portsmouth. This represents a 1.6% decline from 42,283 in 1990.

Of those housing units, 41,605 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Portsmouth is about 58.5%. Portsmouth's vacancy rate, including seasonal lodging, is about 8.3%. Average household size is 2.51 people.

The majority of houses, apartments or condos in Portsmouth were built after 1961.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom9.80%
Two Bedrooms35.70%
Three Bedrooms40.30%
Four Bedrooms11.60%
Five Bedrooms or more1.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1960
Median Value of occupied units$81,300
Median Price asked for vacant units$64,400

Rented Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1964
Median Monthly Rent asked for vacant units$415

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage9.90%
Home Equity Loan6.90%
Simple Mortgage55.80%
Debt Free27.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.7%