Portsmouth, VA Real Estate
According to census data in the year 2000 there were 41,605 housing units in Portsmouth.
This represents a 1.6% decline from 42,283 in 1990.
Of those housing units, 41,605 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Portsmouth is about 58.5%.
Portsmouth's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Portsmouth were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 9.80% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 40.30% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $81,300 |
| Median Price asked for vacant units | $64,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $415 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 9.90% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 55.80% |
| Debt Free | 27.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
