ZIP Code 23704 — Portsmouth, VA Home Prices (2026)
The typical home in ZIP 23704 (Portsmouth, Virginia) is worth about $242,000 at roughly $181 per square foot — 6% more affordable than the Portsmouth median and 18% more affordable than the typical U.S. home.
How 23704 compares
ZIP 23704 is one of the more affordable ZIP codes in Portsmouth: its typical home value of $242,000 ranks #4 of the 5 Portsmouth ZIP codes we track (the citywide range runs from $230,000 in 23702 to $327,000 in 23703). Per square foot it costs about $181, against $189 for Portsmouth as a whole, $221 for Virginia, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 23704 | $242,000 | $181 |
| Portsmouth, VA | $258,000 | $189 |
| Virginia | $342,000 | $221 |
| United States | $294,000 | $195 |
Home value by size in 23704
Using this ZIP’s rate of about $181 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $181,000 |
| 1,500 sq ft | $271,500 |
| 2,000 sq ft | $362,000 |
| 2,500 sq ft | $452,500 |
| 3,000 sq ft | $543,000 |
Salary needed to buy a home in ZIP 23704
To buy the typical $242,000 home in ZIP 23704 with 20% down, you need a household income of roughly $66,000 a year (about $1,540 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $78,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $12,100 | $1,910/mo | $82,000/yr |
| 10% (+PMI) | $24,200 | $1,830/mo | $78,000/yr |
| 20% | $48,400 | $1,540/mo | $66,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 23704
At about $181 per square foot, here is roughly how much home different budgets get you in ZIP 23704:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 830 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1100 sq ft | around the typical home here |
| $250k | 1380 sq ft | around the typical home here |
| $300k | 1660 sq ft | around the typical home here |
| $400k | 2210 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 23704 home.
Estimate a specific home in 23704
The estimator below is pre-set to ZIP 23704 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Portsmouth ZIP codes by home value
Where 23704 sits among Portsmouth’s 5 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 23703 | $327,000 | $200 |
| 2 | 23701 | $267,000 | $198 |
| 3 | 23707 | $258,000 | $183 |
| 4 | 23704 (this page) | $242,000 | $181 |
| 5 | 23702 | $230,000 | $189 |
ZIP 23704 home prices: frequently asked
What is the average home price in ZIP code 23704? +
What is the price per square foot in 23704? +
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See the full Portsmouth home values page, all Virginia cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.