Portsmouth Real Estate - Find Your Perfect Home For Sale!
Portsmouth - Town vs. County Stats
Avg Price in Portsmouth: $182,300 / County Avg $182,400
Avg Taxes in Portsmouth: $2,800 / County Avg $2,800
Avg Sq. Ft. in Portsmouth: 1,727 / County Avg 1,728
Avg Price per/ft2 in Portsmouth: $106 / County Avg $106
Avg Walkscore in Portsmouth: 37 / County Avg 37
Avg Year Built in Portsmouth: 1959 / County Avg 1959
Avg Days on Website in Portsmouth: 93 / County Avg 93
Portsmouth Real Estate Market Health
Portsmouth, Virginia is a wonderful city, one deserving of attention. It’s a place to live with plenty of attractions, great weather, and much of the historic significance you’re used to seeing in this part of Virginia. If you’re intrigued by Portsmouth, but want to know more, read on. We’ve put together a guide so you can see exactly why Portsmouth is a smart place to move!
Getting to Know Portsmouth
Portsmouth has a population of around 95,535 people and is located opposite of Norfolk, which is less than three miles away. It has a total area of 47 square miles, with 34 square miles of land and 13 square miles of water, and the city is an East Coast deep-water port.
Several miles of waterfront belong to Portsmouth as part of the Elizabeth River, which comprises a section of the Hampton Roads harbor. From the harbor you can take a ferry and explore nearby Olde Towne in Portsmouth and Downtown Norfolk.
The city has had a long history of growth and expansion. It continues to thrive today.
A Little History on Portsmouth
The city is among the older ones in the Hampton Roads area. The town of Portsmouth was founded by William Crawford in 1752. Crawford, who was a ship owner and a prosperous merchant, named the location after an English naval port. Of course, its maritime roots go back even further.
As far back as 1620, a shipbuilder by the name of John Wood discovered this site as a perfect place to build ships. He petitioned for a land grant, and soon enough the area became a plantation community.
In 1767, not long after the town was founded, a shipbuilder named Andrew Sprowle established the Gosport Shipyard, which fell under the ownership of the Commonwealth of Virginia after the Revolutionary War.
Portsmouth broke free from Norfolk County in 1858, becoming an independent city. Four years later, during the famed Battle of Hampton Roads, the ironclad warship CSS Virginia set out to engage the ironclad USS Monitor. Once the battle was over, the Confederates set fire to the shipyard.
Norfolk County held Portsmouth as their county seat until 1963, when the former was absorbed into the new city of Chesapeake. Today, the city continues to grow. In the early part of the 21st century, the downtown area saw a modest urban renewal movement.
What Portsmouth Has to Offer
Portsmouth is a fun city to call home. There are tons of attractions for both locals and visitors to enjoy. Some points of interest include:
The Cedar Grove Cemetery – The oldest cemetery in the city of Portsmouth. Cedar Grove has been around since 1832 and has earned a place in both the national and Virginia lists of historical sites. Guided tours are available, but you can easily take a self-guided tour.
The Children’s Museum of Virginia – If you are in search of things to do with your children, look no further than The Children’s Museum of Virginia. With numerous activities, including a large bubble-making station, planetarium, rock climbing wall, and the Lancaster Antique Toy and Train Collection, the fun is guaranteed to last.
The Naval Shipyard Museum – War history enthusiasts are sure to enjoy the Naval Shipyard Museum. Here, you will see a great number of vessels, ranging from pleasure crafts to carriers. You can also find an impressive offering of antique cannons on display.
The Virginia Sports Hall of Fame and Museum – Sports fans rejoice! If you’ve ever dreamed of offering commentary during a game or driving a stock car on a real pro track, now’s your chance! The Virginia Sports Hall of Fame and Museum allows you to experience what it feels like to be on the track or a commentator for a historic game.
Commodore Theatre – Built in 1945, the Commodore Theatre is a lovely Art Deco movie house restored with luxury upholstered seats, crystal chandeliers, and much of the ornate splendor of the original decor. See first-run films here, and while you’re at it, grab a bite – they serve a light dinner during the show.
The Good Life in Portsmouth
Portsmouth is a Virginia town with fantastic weather year round. Characterized by a warm and subtropical climate, you can expect a combination of seasonal and temperate weather.
The city is above average in close commute distance, public transportation, and work-at-home individuals compared to the national average. If your ideal lifestyle excludes long commutes and rush hour traffic, buying a house in Portsmouth is sure to put you in the right neighborhood.
Speaking of neighborhoods, some of the more notable places in Portsmouth include Cedar Point, Rollingwood, Uptown, Castle Heights, and Olde Towne, just to name a few. But no matter which neighborhood you choose to call home, you can feel safe, as the city has a very low crime rate.
Education and Sports in Portsmouth
Portsmouth has three community high schools, conveniently situated at three different corners. You can find Churchland High School to the northwest, located off of Cedar Lane; I.C. Norcom High School, which is found downtown off of London Blvd and High Street; and Woodrow Wilson High School, which is on Elmhurst Lane in southwest Portsmouth.
As for higher education, you have your choice of several colleges both within and near Portsmouth city limits. The most noteworthy include:
Old Dominion University, which is a research campus that has been around since 1930.
Fred W. Beazley Portsmouth Campus, a 2-year college dating back to 1968.
You cannot forget the local sports teams, the Portsmouth Cavaliers and the Portsmouth Mustangs. The Mustangs are a semi-Pro Football team, and the Cavaliers have played for the American Basketball Association since 2011. You can enjoy home games at the wonderful Chick-fil-A Fieldhouse, which is located on the Portsmouth Catholic Regional School campus.
We’d love welcome you to the city of Portsmouth personally. If you’re in the market for a home, or perhaps thinking of selling a property nearby, be sure to contact us.