23708, Portsmouth, VA

Portsmouth, VA is located in the Eastern Shore region of Virginia and has a population of approximately 36,000. The 23708 zip code covers an area of approximately 1.5 square miles and has a median home value of $147,500. Portsmouth has a median household income of $60,000 and a median family income of $75,000.

There are currently 553 homes for sale in the 23708 zip code and the average list price is $164,900. The average days on market for properties in this zip code is 28 days and the average price per square foot is $92. Portsmouth has seen an increase in home values over the past few years as demand continues to outpace supply. In 2016 there were 487 homes for sale in the 23708 zip code and by 2017 that number had increased to 553 homes for sale. This trend looks likely to continue as there are currently only 137 listings available for purchase in this zip code as compared to 502 listings available two years ago.

The majority (87%) of homes in the 23708 zip code are owner-occupied while 13% are rented. The average length of time that homeowners have owned their home is 8 years while renters have owned their home on average for 4 years. Homeownership rates have been increasing over time due to low interest rates and increasing demand from buyers who want to live within close proximity to work or school opportunities.

The cost of living in Portsmouth is relatively low when compared to other larger cities such as Washington D.C., Baltimore or Richmond which can be attributed to lower housing prices, high levels of employment stability and access to affordable public transportation options such as Amtrak or bus service which runs throughout most parts of town..

Despite being relatively affordable, Portsmouth does not lack amenities that many people may desire such as excellent schools (ranked #1 among cities with populations greater than 100,000), plenty of shopping options including top retailers like Nordstrom Rack and Macy's along with world-renowned cultural institutions like The Mariners Theatre Company and The Virginia Opera House . Additionally , Portsmouth offers residents access to some great outdoor recreational opportunities like fishing at nearby Assateague Island National Seashore or kayaking down the Elizabeth River .