Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Portsmouth city
ZIP 23702
97,299 residents163 permits TTM$58,972 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$229,400
ACS 5-Year
Cap rate proxy
9.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
25.8%
HUD FMR ÷ ACS HHI
Net migration
+3.05%
IRS SOI
Permits (TTM)
163
Census BPS
Climate risk
54.0
FEMA NRI (0–100)
ZIP 23702
Median home value
$229,400
Gross yield
7.7%
Buy Box score
0.9
Section 8 gap
16.9%
Affordability
P/I: 3.7R/I: 28.9%
Section 8 detail
SAFMR: $1,480Rent: $1,266Gap: 16.9%
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 23704 | $229,400 | $1,640 | 8.6% | 0.9 | 29.5% |
| 23702 | $229,400 | $1,480 | 7.7% | 0.9 | 16.9% |
| 23701 | $229,400 | $1,580 | 8.3% | 0.9 | 24.8% |
| 23707 | $229,400 | $1,400 | 7.3% | 0.9 | 10.6% |
| 23703 | $229,400 | $1,650 | 8.6% | 0.8 | 30.3% |
| 23708 | $229,400 | $1,680 | 8.8% | — | 32.7% |
| 23709 | $229,400 | $1,590 | 8.3% | — | 25.6% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
56.9%
Census ACS
Vacancy rate
8.2%
Census ACS
Bachelor's degree +
23.2%
Census ACS
Rent burdened
53.3%
Census ACS (>30% income)
Median age
35.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026