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Portsmouth

Portsmouth

Located in Portsmouth County

$275,897 Average Value
$179 Average Price per Sq Ft
307 Homes For Sale

Historic maritime town with big military presence

Located in the heart of Hampton Roads is the historic seaport city of Portsmouth. The city’s approximately 78 miles of shoreline and rich cultural history pair with its diverse neighborhoods and vibrant downtown. “It’s just a super peaceful place to live,” says Tammy Bunch, broker and owner of Bunch Real Estate, who is also a longtime Portsmouth resident. “As a community, it’s friendly, it’s filled with all sorts of wonderful opportunities, and it has a very rich history and cultural heritage. It sometimes feels like a sleepy small town, and then you go across the water to Norfolk, and you have access to all of their nightlife.”

Some of region’s largest employers are in Portsmouth, like the Port of Virginia, one of the largest cargo ports in the country. There is also a large military presence in the region, with many residents working at the Norfolk Naval Shipyard, the Portsmouth Naval Hospital or the U.S. Coast Guard’s Portsmouth Base.

Visit the retired Portsmouth Lightship and see a piece of naval history.
Visit the retired Portsmouth Lightship and see a piece of naval history.
Many people commute on the ferry across the River from Portsmouth to Norfolk, Virginia.
Many people commute on the ferry across the River from Portsmouth to Norfolk, Virginia.
Many residents of Downtown Portsmouth have a membership at the nearby Freedom Boat Club.
Many residents of Downtown Portsmouth have a membership at the nearby Freedom Boat Club.
Olde Towne Portsmouth has a ferry that crosses the Elizabeth river to Norfolk every hour.
Olde Towne Portsmouth has a ferry that crosses the Elizabeth river to Norfolk every hour.
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Historic homes, walkable neighborhoods and coastal communities

Buyers can find historic homes in six neighborhoods listed on the National Register of Historic Places, homes walkable to High Street’s shopping and dining in Olde Towne Portsmouth, lakeside homes in Cavalier Manor and riverfront communities throughout. Homes in Portsmouth tend to be more affordable than neighboring cities, with median single-family house price in Portsmouth being $265,000. The national median is $418,700, according to the National Association of Realtors. “Now, to be fair, our taxes are a little higher, though our property values tend to be a little lower when you’re comparing city to city, but there is a little bit of a concession there,” Bunch says.

Most of the single-family home space in Portsmouth has already been developed, though there are some new apartment complexes in the works. “There are not that many more places to build,” she says. “Typically, because of the age of Portsmouth, you’ll see one to three new houses being built on property builders were able to get ahold of.” By contrast, Bunch says the neighboring community, Suffolk, has much more new construction for single-family homes.

Many home styles are present in the Park View neighborhood of Portsmouth.
Many home styles are present in the Park View neighborhood of Portsmouth.
A contemporary painted cape cod in the Midtown Portsmouth neighborhood of Portsmouth, Virginia.
A contemporary painted cape cod in the Midtown Portsmouth neighborhood of Portsmouth, Virginia.
A gorgeous waterfront Colonial home the Park Manor neighborhood of Portsmouth, Virginia.
A gorgeous waterfront Colonial home the Park Manor neighborhood of Portsmouth, Virginia.
A historic craftsman home in Portsmouth, Virginia.
A historic craftsman home in Portsmouth, Virginia.
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Shopping, dining and entertainment in Portsmouth’s historic downtown

Olde Towne Portsmouth, located on the waterfront in downtown, is where much of the city’s entertainment is. The Portsmouth Cultural District offers concerts at the Atlantic Union Bank Pavilion, movies in the refurnished art-deco Commodore Theatre and museums like the Portsmouth Art & Cultural Center and Virginia Children’s Museum. Many popular restaurants are around High Street, including The Bier Garden with German classics, Five Boroughs Restaurant with Mediterranean dishes and New York-style pizza and Guads with Mexican favorites. Throughout the community, grocery stores include Kroger, Walmart and Food Lion.

Old Towne Portsmouth also hosts many events throughout the year. Monthly gatherings include the Olde Towne Farmers Market, the First Fridays concert series and the Olde Towne Antique and Flea Market. In May, Umoja Festival celebrates African-American culture with live music, international foods and traditional art and craft vendors. The city celebrates Halloween with a ghost walk around downtown. And the winter holidays include a tree lightning, crafters market, holiday music festival and a Scottish Walk on New Year's Eve.

Take your kids to the Children's Museum of Virginia minutes from South Portsmouth.
Take your kids to the Children's Museum of Virginia minutes from South Portsmouth.
Stop by Five Boroughs in Portsmouth for Mediterranean flavors and classic NY-style pizza.
Stop by Five Boroughs in Portsmouth for Mediterranean flavors and classic NY-style pizza.
Catch the latest movies in the classic renovated Commodore Theater in Old Towne Portsmouth.
Catch the latest movies in the classic renovated Commodore Theater in Old Towne Portsmouth.
The Portsmouth Library is right around the corner in Old Towne Portsmouth.
The Portsmouth Library is right around the corner in Old Towne Portsmouth.
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Recreation on the water and nearby sports teams

With Portsmouth’s location on the Elizabeth River, there are plenty of opportunities for recreation on the water. Residents with their own boats can use the public boat ramp at Portsmouth City Park or one of the town’s many marinas. Others can join a club like Freedom Boat Club, which maintains a fleet of boats that members can reserve, or rent a watercraft at one of the many outposts for river activities around Portsmouth. Hoffler Creek, a wildlife preserve with scenic walking trails, offers kayak rentals and guided tours. While Portsmouth’s waterfront doesn’t offer any beaches, many residents head to Buckroe Beach in nearby Hampton, which is situated along the Chesapeake Bay, or Virginia Beach’s waterfront on the Atlantic Ocean; both are within about 25 miles of Midtown Portsmouth. Two professional sports teams play just across the river in Norfolk. The Norfolk Tides, a triple-A baseball team, play at Harbor Park, while professional hockey team the Norfolk Admirals play at the Norfolk Scope Arena.

Hoffler Creek Wildlife Preserve in Portsmouth is dedicated to peaceful preservation.
Hoffler Creek Wildlife Preserve in Portsmouth is dedicated to peaceful preservation.
Teach your kids to fish and they will not forget at City Park in Midtown Portsmouth.
Teach your kids to fish and they will not forget at City Park in Midtown Portsmouth.
Get into boating at Freedom Boat Club near Downtown Portsmouth.
Get into boating at Freedom Boat Club near Downtown Portsmouth.
Golf tournaments are held in the Park Manor neighborhood of Portsmouth, Virginia.
Golf tournaments are held in the Park Manor neighborhood of Portsmouth, Virginia.
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School district partnered with local community college

Portsmouth Public Schools receives a C-plus from Niche. The district serves roughly 13,000 students and operates 13 elementary schools, three middle schools, three high schools, three preschool centers and an alternative education center. The district offers Career and Technical Education programming, STEM programs and a partnership with Tidewater Community College to help students graduate high school with college credits or even an associate degree. Bunch says there’s also a strong homeschooling community in Portsmouth, with those students being eligible for TCC’s dual-enrollment program.

I. C. Norcom High School was named after Israel Charles Norcom, its first supervising principle.
I. C. Norcom High School was named after Israel Charles Norcom, its first supervising principle.
The dedicated faculty at Cradock Middle School encourages a passion for learning.
The dedicated faculty at Cradock Middle School encourages a passion for learning.
Lakeview Elementary School in South Portsmouth is rated C- by Niche.
Lakeview Elementary School in South Portsmouth is rated C- by Niche.
Students at Westhaven Elementary School eagerly participate in engaging classroom activities.
Students at Westhaven Elementary School eagerly participate in engaging classroom activities.
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Flooding is a factor to consider

Portsmouth is a low-lying coastal area that’s susceptible to flooding. According to the city, nearly a quarter of real estate in Portsmouth is impacted by flooding, and more is threatened by rising sea levels. Portsmouth participates in the National Flood Insurance Program’s Community Rating System, which means the city must perform regular flood prevention activities. The city’s participation in the program grants a 15% discount on flood insurance premiums. Portsmouth’s Floodplain Management Plan outlines the city’s strategy for flood prevention, which includes efforts like floodproofing key utility equipment and working with owners of properties that have been repeatedly impacted by flooding to mitigate future damage.

Private dock house many boats in the Park Manor neighborhood of Portsmouth, Virginia.
Private dock house many boats in the Park Manor neighborhood of Portsmouth, Virginia.
Residents enjoy Churchland's proximity to the water, shopping centers, and freeways.
Residents enjoy Churchland's proximity to the water, shopping centers, and freeways.
Take a walk at the Seawall in Downtown Portsmouth.
Take a walk at the Seawall in Downtown Portsmouth.
Homes on the Elizabeth River bank in Port Norfolk.
Homes on the Elizabeth River bank in Port Norfolk.
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Crime trends in Portsmouth

According to data from the FBI, in 2023 there was less than a 1% increase in violent crime and a less than 1% decrease in property crime compared to 2022. Overall, Portsmouth has higher rates of violent and property crime compared to U.S. and Virginia averages.

Commuting on I-264

Residents can get in and out of town using Interstate 264, which offers connections to Interstates 64, 664 and 464. Hampton Roads Transit operates bus service around Portsmouth, and the Elizabeth River ferry has two locations along Portsmouth’s waterfront to get to Downtown Norfolk in about five minutes. Norfolk International Airport, which is about 12 miles from Midtown Portsmouth, offers nonstop service to more than 40 destinations. Naval Medical Center Portsmouth is in the east end of the city, and Bon Secours Maryview Medical Center is in the west end.

Logan Soter-Reardon
Written By
Logan Soter-Reardon
David Schwartz
Photography Contributed By
David Schwartz
Emily McNamara
Video By
Emily McNamara

Interested in learning more about homes in this area? Reach out to Chris LaWall, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Portsmouth Housing Trends

Housing Trends

Median List Price
$268,000
Median Sale Price
$267,450
Median Single Family Sale Price
$270,000
Median Townhouse Sale Price
$235,000
Median 2 Bedroom Sale Price
$190,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
1,617
Median Home Sale Price YoY Change
5%
Average Price Per Sq Ft
$179

Neighborhood Facts

Number of Homes in Neighborhood
28,295
Number of Homes for Sale
307
Median Year Built
1959
Months of Supply
2.30
Average Single Family Home Size Sq Ft
1,622
Below the national average
1,925
Average Townhouse Size Sq Ft
1,445
Average 2 Bedroom Size Sq Ft
1,101
Average 1 Bedroom Size Sq Ft
807
Median Lot Size Sq Ft
8,712

Open Houses

  • 403 Gust Ct, Portsmouth, VA 23701

    $230,000

    • 3 Beds
    • 1 Bath
    • 924 Sq Ft
    • 403 Gust Ct
    • New 3 days ago

    Move in ready ranch home! New kitchen with granite countertops and stainless steel appliances, great floor plan! New floorings, fresh paint and updated bathroom! New roof and hot water heater! Ready for your family!

    Agent Photo
    Kenneth Foster
    COVA Home Realty
    (757) 529-8505
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  • 4409 Deep Creek Blvd, Portsmouth, VA 23702

    $230,000

    • 3 Beds
    • 1.5 Baths
    • 864 Sq Ft
    • 4409 Deep Creek Blvd
    • New 3 days ago

    Beautiful updated ranch home! New kitchen with granite countertops, soft close cabinets and new appliances. New siding! New windows! New roof! New hot water heater! New floorings! Updated bathrooms! Fresh neutral paint! It is ready for you to make it your starter home or fresh start!

    Agent Photo
    Kenneth Foster
    COVA Home Realty
    (757) 914-7825
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  • Saturday, Aug 23
    Open Sat 1PM - 3PM

    4516 Hatton Point Rd, Portsmouth, VA 23703

    $375,000

    • 3 Beds
    • 2 Baths
    • 1,843 Sq Ft
    • 4516 Hatton Point Rd
    • New 5 days ago

    Welcome to this charming 3-bedroom, 2-bath home offers both comfort and functionality. Step into a spacious family room with a wood-burning fireplace, great for gathering and relaxing. The renovated bathrooms add a fresh, updated feel, while the heated and cooled sunroom provides flexible space for any season. Outside, enjoy a large backyard with room to play, garden, or entertain. An

    Agent Photo
    Lisa Atkins
    Iron Valley Real Estate Hampton Roads
    (757) 280-3070
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Portsmouth

Property Mix - Square Feet

Portsmouth Has More Owners

Demographics

Total Population
96,645
Median Age
37
Population under 18
26%
On par with the national average
23.8%
Population over 65
17.6%
On par with the national average
19.1%

Finances

Median Household Income
$55,489
Significantly below the national average
$71,702
Average Household Income
$71,767

Education and Workforce

High School Graduates
90.1%
College Graduates
21.1%
Below the national average
34.1%
Advanced Degrees
7.7%
Below the national average
13.3%
% Population in Labor Force
65.1%

Weather

Annual Precipitation
45''
Average Winter Low Temperature
34°F
Average Summer High Temperature
88°F
Annual Snowfall
7''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

0 / 100

Minimal Transit

Transit Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Portsmouth