U.S. ZIP Code · VA23704
Portsmouth city · Virginia Beach-Chesapeake-Norfolk, VA-NC
Appreciation
- 1-year
- -2.9%
- 5-year / yr
- +5.9%
- 10-year / yr
- +6.8%
Relative price
- vs U.S.
- -16.7%
- vs metro
- -32.9%
- vs state
- -28.0%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 23704 is worth $236,496 — 32.9% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have fallen 2.9%. Homes here rent for a typical $1,591 a month — a 8.1% gross rental yield. The effective property tax rate is 1.0%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Portsmouth city. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Relatively Moderate
- Wildfire
- Very Low
- Drought
- No Rating
- Heat wave
- Relatively Low
- Hurricane
- Relatively Moderate
- Tornado
- Relatively Low
- Earthquake
- Relatively Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Portsmouth city over a year, from IRS tax-return data.
- Net migration
- -25[5]
- Moved in
- 4,472
- Moved out
- 4,497
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 3
- Elementary
- 2
- Middle
- 0
- High
- 1
I.C. Norcom High
High · Grades 9–12 · Portsmouth City Public Schools
1,027 students
Park View Elementary
Elementary · Grades K–6 · Portsmouth City Public Schools
473 students
Brighton Elementary
Elementary · Grades K–6 · Portsmouth City Public Schools
445 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Owning and renting are roughly even.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 23704?
- The typical home in 23704 is worth $236,496, based on the Zillow Home Value Index.
- Are home values rising in 23704?
- Home values in 23704 are down 2.9% over the past year, and up 5.9% a year over five years.
- What is the typical rent in 23704?
- A typical home in 23704 rents for about $1,591 a month, a gross rental yield of 8.1%.
- What is the property tax rate in 23704?
- The effective property tax rate in 23704 is 1.0% — roughly $2,333 a year on a typical home.
- Who lives in 23704?
- ZIP code 23704 has a population of 19,207 and a median household income of $49,583.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Hampton, VA
- Typical home
- $237,862
- Gross yield
- 8.6%
NC
- Typical home
- $240,425
- Gross yield
- —
NC
- Typical home
- $241,718
- Gross yield
- —
Hampton, VA
- Typical home
- $242,092
- Gross yield
- 7.5%
Newport News, VA
- Typical home
- $228,651
- Gross yield
- 7.9%
Dendron, VA
- Typical home
- $227,471
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 23704 against any other ZIP — full side-by-side table.
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