Real Estate Investing in Portsmouth, Virginia (23703)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23703 (Portsmouth, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
What’s happening in Portsmouth, VA (23703)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23703 Portsmouth
The 23703 ZIP covers a section of Portsmouth that demands careful diligence. Prices near $327K look accessible, but the work to make a deal cash flow is real.
Rent of $1,895/mo on a $327K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23703 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Portsmouth have seen price recovery that 23703 has not matched. Portsmouth City data supports the view that the spread is structural rather than temporary.
Resident income in 23703 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. healthy returns are possible in 23703, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Portsmouth:
Property Strategy for 23703
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,157 | $1,650 | 6.1% | +7.9% | $97,578 |
| 3BR | $306,239 | $2,290 | 5.4% | +7.4% | $102,080 |
| 4BR | $373,063 | $2,690 | 5.2% | +7.2% | $93,266 |
| 5BR | $465,624 | — | — | +6.6% | $93,125 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23703 Compare?
| Metric | 23703 | Portsmouth | Virginia |
|---|---|---|---|
| Home Value | $327,126 | $189,001 | $403,170 |
| 5-Year CAGR | 5.3% | 5.7% | 6.4% |
| Avg Rent | $1,895 | $1,625 | - |
| Cap Rate | 4.5% | 4.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23703 (Portsmouth, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 23703 (Portsmouth, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $327,126 |
| Monthly Rent | $1,895 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23703
Population: 26,364
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23703
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,182 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Portsmouth, VA a good place for real estate investing?
Portsmouth, VA reflects an investability rating of 3.0/5, with median home values near $327K and average rents around $1,895/mo. That combination puts it in the sturdy tier for investor interest.
What is the typical rental rate in Portsmouth, VA?
Investors in Portsmouth, VA typically see rents near $1,895/mo per month against $327K home values - a solid setup for rental cash flow.
What is the typical home price in Portsmouth, VA?
In Portsmouth, VA the median home value sits at $327K. Against the broader VA market, that reads as reasonable for most investors.
What type of investing works in Portsmouth, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Portsmouth, VA. With home values at $327K and rents near $1,895/mo, other strategies can work but produce steady rather than outsized returns.
Does Portsmouth, VA favor landlords or tenants?
Rental owners in Portsmouth, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 23703 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23703 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 23703 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 23703 (Portsmouth)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 23703 (Portsmouth, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.