23704, Portsmouth, VA

The 23704 zip code of Portsmouth, VA has a median home value of $147,000 and a median home equity value of $141,000. This is significantly lower than the national median home value of $217,500 and the regional median home equity value of $191,700. The main reasons for this are likely the high levels of foreclosure and abandonment in this area, as well as low levels of population density.

Despite these factors, there are still some homeowners in the 23704 zip code who are enjoying significant equity in their homes. In fact, according to Zillow’s Home Value Index data from January 2018*, two-thirds (66%)of all homes in this zip code are worth more than their original purchase price. This is significantly higher than the national average (55%) and the regional average (59%).

*Zillow Home Value Index data from January 2018