23709, Portsmouth, VA

The Portsmouth, VA 23709 zip code has a median home value of $174,900. This is a decrease from the previous year when the median home value was $183,700. The decrease in home values can be attributed to a number of factors including lower demand for homes in this area and increased competition from other areas.

Despite the decrease in home values, there are still many homeowners in the 23709 zip code who are benefiting from their equity in their homes. Home equity is an important source of financial stability for many people and can provide them with a cushion against unexpected expenses or economic downturns. Additionally, homeowners who have high levels of equity in their homes may be more likely to sell if they want to move or upgrade their property.