Portsmouth, VA 23709 housing market
Data through Jan 2026 · Balanced market · leverage 70
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Buyer Leverage Score
70
May 2017
Days on Market
165 days
May 2017
Price Cut %
0.0%
May 2017
Expected Disaster Loss
$75
Dec 2025
What this means
- Supply. There are 0% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is high (70/100; U.S.: 54) (as of May 2017): 0% of listings had a price cut (U.S.: 26%) (as of May 2017).
- Disaster risk. FEMA expects about $75 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Portsmouth city, VA
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Portsmouth, VA 23703 | $324.7K | +3.2% | 7 |
| Portsmouth, VA 23701 | $266.4K | +2.6% | 12 |
| Portsmouth, VA 23704 | $240K | −0.7% | 24 |
| Portsmouth, VA 23707 | $256.7K | +1.5% | 26 |
| Portsmouth, VA 23702 | $228.2K | +0.2% | 17 |
| ZIP 23708 | – | – | – |