City:

Portsmouth, VA

Portsmouth is a city in the state of virginia with a population of roughly 95,097. It is in Portsmouth city, Virginia the Virginia Beach-Norfolk-Newport News, VA-NC core-based statistical areas (CBSA), and the Virginia Beach-Norfolk, VA-NC combined statistical area (CSA).Its Zip codes include 23709 ,23702 .

Trends in Home Prices in Portsmouth, VA

Portsmouth, Virginia is a city located on the Eastern Shore of Virginia. The population was estimated to be just over 25,000 in 2014. Portsmouth has a long and rich history dating back to the early days of Jamestown. Today, Portsmouth is a thriving city with many amenities and attractions that make it a desirable place to live, work, and raise a family.

Real estate in Portsmouth is very diverse due to its location on the Eastern Shore of Virginia. There are plenty of homes for sale in the city as well as condos, townhouses, and single-family homes available for purchase or rent. The median price for residential properties in Portsmouth was $122,500 in 2016 according to Zillow.com. The average commute time for residents is about 23 minutes according to Google Maps.

The top industries that employ people in Portsmouth are healthcare services, professional services, education and training services, and leisure and hospitality. Many people who live in Portsmouth commute into Norfolk or Richmond for work each day because those cities have more jobs available than Portsmouth does. However, there are several businesses located in the city that offer good jobs such as restaurants and retail stores.

Portsmouth has an excellent school system with many schools ranked among the best in Virginia according to Niche website. There are also several colleges and universities located within commuting distance of Portsmouth including Old Dominion University (ODU), James Madison University (JMU), Christopher Newport University (CNU), George Mason University (GMU), William & Mary College (WMC), Randolph-Macon College (RMC), Hampden-Sydney College (HSY), Radford University (RAD), Hampton Roads Community College District (HRCCD)), Norfolk State University (NSU)), Elizabeth City State University(ECSU)).

The cost of living is relatively low compared to other large cities such as Washington Dc or Baltimore Md . According to Numbeo website ,the cost of living index is 83 which ranks ninth out of 100 largest US cities . This means that groceries are relatively affordable compared to other major metropolitan areas , housing costs are lower than most places , utilities are not too expensive ,and transportation costs tend not be too high .

Overall , real estate prices have increased moderately over the past few years but they remain much lower than prices found elsewhere on the East Coast . In addition , interest rates remain low which makes buying a home more affordable than it would be elsewhere .

Price Index: Virginia Beach-Norfolk-Newport News, VA-NC

Zip codes in Portsmouth

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