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Preforeclosure Homes in Portsmouth, VA

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View this home at Foxglove Dr Portsmouth VA 23701
Preforeclosure
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Foxglove Dr
Portsmouth, VA 23701
Townhome
AUCTION: 05-07-2024
Townhome
View this home at Greenway Ct W Portsmouth VA 23707
Preforeclosure
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$199,230 EMV
Greenway Ct W
Portsmouth, VA 23707
Single-Family
1
|
1,261
EST. RENT: $1,398
|
AUCTION: 04-23-2024
Single-Family
1
|
1,261
View this home at Lindsay Ave Portsmouth VA 23704
Preforeclosure
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$238,477 EMV
Lindsay Ave
Portsmouth, VA 23704
Single-Family
|
3 |
2
|
1,488
EST. RENT: $1,510
|
AUCTION: 04-02-2024
Single-Family
|
3 |
2
|
1,488
View this home at Cypress Rd Portsmouth VA 23701
Preforeclosure
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$283,309 EMV
Cypress Rd
Portsmouth, VA 23701
Single-Family
|
2 |
1.5
|
1,381
EST. RENT: $1,490
|
AUCTION: 04-02-2024
Single-Family
|
2 |
1.5
|
1,381
View this home at Choate St Portsmouth VA 23707
Preforeclosure
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$173,276 EMV
Choate St
Portsmouth, VA 23707
Single-Family
EST. RENT: $970
|
AUCTION: 04-09-2024
Single-Family
View this home at Chandler Harper Dr Portsmouth VA 23701
Preforeclosure
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$328,263 EMV
Chandler Harper Dr
Portsmouth, VA 23701
Single-Family
|
3 |
2
|
1,755
EST. RENT: $1,670
|
AUCTION: 04-09-2024
Single-Family
|
3 |
2
|
1,755
View this home at Freedom Ave Portsmouth VA 23701
Preforeclosure
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$206,993 EMV
Freedom Ave
Portsmouth, VA 23701
Single-Family
1
|
1,024
EST. RENT: $1,261
|
AUCTION: 04-02-2024
Single-Family
1
|
1,024
View this home at High St Portsmouth VA 23707
Preforeclosure
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$278,526 EMV
High St
Portsmouth, VA 23707
Single-Family
|
3 |
2.5
|
1,324
EST. RENT: $1,600
|
AUCTION: 04-02-2024
Single-Family
|
3 |
2.5
|
1,324
View this home at Oregon Ave Portsmouth VA 23701
Preforeclosure
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$218,153 EMV
Oregon Ave
Portsmouth, VA 23701
Single-Family
1
|
840
EST. RENT: $1,408
|
AUCTION: 04-11-2024
Single-Family
1
|
840
View this home at Elliott Ave Portsmouth VA 23702
Preforeclosure
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$182,917 EMV
Elliott Ave
Portsmouth, VA 23702
Single-Family
1
|
1,008
EST. RENT: $1,620
|
AUCTION: 04-09-2024
Single-Family
1
|
1,008
Displaying 11 - 20 of 39

Home Value Estimator For Portsmouth, VA

There are currently 31,239 real estate properties in Portsmouth, VA, with a median automated valuation model (AVM) price of $241,935.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Portsmouth, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Portsmouth, VA, is $252,028.00, with the most expensive house in Portsmouth, VA, topping out at $2,980,559.00 and the cheapest home in Portsmouth, VA, clocking in at $12,342.00. In other words, there’s something for every potential homebuyer or savvy investor in Portsmouth, VA!


Rent Prices In Portsmouth, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Portsmouth, VA, is on a rollercoaster ride. The average rent price in Portsmouth, VA, is $1,376.00. Indeed, when looking to rent in Portsmouth, VA, you can expect to pay as little as $690.00 or as much as $4,620.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Portsmouth, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Portsmouth, VA In 2024

Portsmouth is located in Portsmouth, Virginia, with an estimated municipal population of 94,398 residents. All of the best foreclosed homes for sale in Portsmouth are located in the following zip code areas on Foreclosure.com: 23709 23708 23704 23707 23701 23703 23702 23705. The estimated population per square kilometer (.62 miles) in Portsmouth is 1,094.


Cost Of Living In Portsmouth, VA

So, about how much do homes cost in Portsmouth? The most recent median value of resident-owned homes in Portsmouth is 170,897. An estimated 55 percent of households in Portsmouth own their homes, with an average family size of 3.29. The median household income in Portsmouth is 52,175, with17.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Portsmouth, the median commute time of resident workers (in minutes) is 23.1. And last, but certainly not least, are you looking for homes to rent in Portsmouth? If so, the average rent price paid by renters in Portsmouth is 1,048, according to recent statistics.


Diversity And Demographics In Portsmouth, Virginia

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Portsmouth, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Portsmouth is 35.3, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in Portsmouth is 36.5, with an average family size of 3.29.

The percentage of residents who report their race in Portsmouth is as follows:

White 39.8%
Black / African American 52.9%
Asian 1.4%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0.3%
Multi-racial 3.6%
Other 1.6%

Looking for family-friendly neighborhoods in and/or near Portsmouth? Or maybe you are searching for 55+ active adult communities in and/or near Portsmouth?

The percentage of residents who report their age in Portsmouth is as follows:

Under 10 14.1%
Aged 10-19 11.4%
20s 16.1%
30s 14.1%
40s 11.1%
50s 12.5%
60s 11.1%
70s 5.8%
80+ 3.7%

Best Schools In Portsmouth, Virginia

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Portsmouth with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Portsmouth.


Pros And Cons Of Living In Portsmouth, Virginia

How do you know that living in -- or moving to -- Portsmouth is right where you need to be? Perhaps you grew up in Portsmouth or already live nearby; therefore, the decision to buy a home in Portsmouth is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Portsmouth for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Portsmouth:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Portsmouth.


Reasons To Move To Portsmouth, Virginia, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Portsmouth can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Portsmouth, meanwhile, can field multiple offers from more qualified buyers.

Portsmouth, VA Preforeclosure Homes


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