U.S. ZIP Code · VA23707
Portsmouth city · Virginia Beach-Chesapeake-Norfolk, VA-NC
Appreciation
- 1-year
- +0.3%
- 5-year / yr
- +5.8%
- 10-year / yr
- +5.7%
Relative price
- vs U.S.
- -11.1%
- vs metro
- -28.3%
- vs state
- -23.1%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 23707 is worth $252,538 — 28.3% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,479 a month — a 7.0% gross rental yield. The effective property tax rate is 0.9%.
#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
- 4
- Elementary
- 2
- Middle
- 0
- High
- 0
Waterview Elementary
Elementary · Grades K–6 · Portsmouth City Public Schools
614 students
Westhaven Elementary
Elementary · Grades K–6 · Portsmouth City Public Schools
474 students
Mount Hermon Preschool Center
Prekindergarten · Grades PK · Portsmouth City Public Schools
227 students
New Directions Center
Not applicable · Portsmouth City Public Schools
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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.
Renting is meaningfully cheaper month-to-month.
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 23707?
- The typical home in 23707 is worth $252,538, based on the Zillow Home Value Index.
- Are home values rising in 23707?
- Home values in 23707 are up 0.3% over the past year, and up 5.8% a year over five years.
- What is the typical rent in 23707?
- A typical home in 23707 rents for about $1,479 a month, a gross rental yield of 7.0%.
- What is the property tax rate in 23707?
- The effective property tax rate in 23707 is 0.9% — roughly $2,164 a year on a typical home.
- Who lives in 23707?
- ZIP code 23707 has a population of 14,766 and a median household income of $48,926.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Norfolk, VA
- Typical home
- $257,803
- Gross yield
- 10.1%
Portsmouth, VA
- Typical home
- $260,023
- Gross yield
- 8.6%
Hampton, VA
- Typical home
- $242,092
- Gross yield
- 7.5%
NC
- Typical home
- $241,718
- Gross yield
- —
NC
- Typical home
- $240,425
- Gross yield
- —
NC
- Typical home
- $266,460
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 23707 against any other ZIP — full side-by-side table.
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