Real Estate Investing in Portsmouth, Virginia (23707)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23707 (Portsmouth, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
What’s happening in Portsmouth, VA (23707)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23707 Portsmouth
Investors eyeing 23707 need to respect the fundamentals at play. Home values of $258K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 23707 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Portsmouth have seen price recovery that 23707 has not matched. Portsmouth City data supports the view that the spread is structural rather than temporary.
The demographic picture in 23707 includes headwinds that any investor should price in. Income distribution skews lower than Portsmouth averages, and tenant stability requires active management.
The 23707 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Portsmouth:
Property Strategy for 23707
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,742 | $1,400 | 5.2% | +8.1% | $96,371 |
| 3BR | $255,333 | $1,940 | 5.5% | +7.5% | $85,111 |
| 4BR | $309,778 | $2,290 | 5.3% | +7.4% | $77,445 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23707 Compare?
| Metric | 23707 | Portsmouth | Virginia |
|---|---|---|---|
| Home Value | $257,514 | $189,001 | $403,170 |
| 5-Year CAGR | 5.6% | 5.7% | 6.4% |
| Avg Rent | $1,365 | $1,625 | - |
| Cap Rate | 4.1% | 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 23707 (Portsmouth, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $257,514 |
| Monthly Rent | $1,365 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 23707
Population: 14,311
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 23707
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lakeview Elementary
P.B. Young Sr. Elementary
Cradock Elementary
Cradock Middle
Douglass Park Elementary
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 good for landlords?
For rental operators, Portsmouth, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What approach is best for Portsmouth, VA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Portsmouth, VA. The numbers - $258K homes against $1,365/mo rents - support that play.
What is the typical home price in Portsmouth, VA?
Homes in Portsmouth, VA typically sell near $258K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Does house hacking work in Portsmouth, VA?
House hacking works a challenging in Portsmouth, VA. Rents of $1,365/mo against $258K acquisition make the strategy solid for owner-occupants.
What is the average monthly rent in Portsmouth, VA?
Rent in Portsmouth, VA is around $1,365/mo. The resulting rent-to-value relationship with $258K pricing is reasonable for most investor models.
You know 23707 now. You don’t know where it ranks.
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How 23707 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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