Portsmouth, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Portsmouth, OH Housing Market Trends

With a population of 20,158, 8,582 total housing units (homes and apartments), and a median house value of $95,616, house prices in Portsmouth are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Portsmouth, accounting for 71.04% of the city's housing units. Other types of housing that are prevalent in Portsmouth include large apartment complexes or high rise apartments ( 15.50%), duplexes, homes converted to apartments or other small apartment buildings ( 8.78%), and a few row houses and other attached homes ( 2.82%).

People in Portsmouth primarily live in small (one, two or no bedroom) single-family detached homes. Portsmouth has a mixture of owner-occupied and renter-occupied housing.

The housing in Portsmouth was primarily built before 1939 ( 41.80%), making the housing stock in Portsmouth some of the oldest overall in America, although there is a range of ages of homes in Portsmouth. The next most important housing age is between 1940-1969 ( 40.55%), followed by between 1970-1999 ( 17.03%).

Vacant housing appears to be an issue in Portsmouth. Fully 14.76% of the housing stock is classified as vacant. Left unchecked, vacant Portsmouth homes and apartments can be a drag on the real estate market, holding Portsmouth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Portsmouth Home Appreciation Rates

Portsmouth's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Portsmouth during the period has been just 1.71%, which is lower than 80% of US communities.

Over the last year, Portsmouth appreciation rates have trailed the rest of the nation. In the last twelve months, Portsmouth's appreciation rate has been 2.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portsmouth were at 2.14%, which equates to an annual appreciation rate of 8.84%.

Relative to Ohio, our data show that Portsmouth's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Portsmouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portsmouth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Portsmouth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,616

Portsmouth, OH HOME PRICES

> $1,090,000
0.9%
0.9%
$818,001 - $1,090,000
0.0%
0.0%
$545,001 - $818,000
0.5%
0.5%
$436,001 - $545,000
0.5%
0.5%
$327,001 - $436,000
2.6%
2.6%
$218,001 - $327,000
5.9%
5.9%
$109,001 - $218,000
24.4%
24.4%
$55,001 - $109,000
41.4%
41.4%
$0 - $55,000
23.8%
23.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
8,582

Portsmouth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
36.14% 1.46%
5
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$850 / per month

Homeownership Rate

Owners
43.7%
43.7%
Renters
56.3%
56.3%
Vacant
14.8%
14.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.6%
0.6%
1970 - 1999
17.0%
17.0%
1940 - 1969
40.6%
40.6%
1939 or Older
41.8%
41.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.0%
71.0%
Townhomes
2.8%
2.8%
Small Apt. Buildings
8.8%
8.8%
Apt. Complexes
15.5%
15.5%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
13.8%
13.8%
2 Bedrooms
33.2%
33.2%
3 Bedrooms
35.9%
35.9%
4 Bedrooms
12.6%
12.6%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES