Portsmouth, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Portsmouth Neighborhoods Since 2000




Portsmouth, OH Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Portsmouth Housing Market Information

With 20,409 people, 8,154 houses or apartments, and a median cost of homes of $91,013, 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 69.01% 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 ( 9.84%), and a few mobile homes or trailers ( 3.27%).

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 ( 52.76%), 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 ( 34.46%), followed by between 1970-1999 ( 11.54%). There's also some housing in Portsmouth built between 2000 and later ( 1.25%).

Vacant housing appears to be an issue in Portsmouth. Fully 16.09% 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

Appreciation rates for homes in Portsmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.85%, which ranks in the top 40% nationwide. This equates to an annual average Portsmouth house appreciation rate of 0.47%.

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 1.60%, 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 -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Portsmouth's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Portsmouth's latest annual appreciation rate is lower than 60% 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:
$91,013

Portsmouth, OH HOME PRICES

Value Range
> $1,025,000 0.1
$769,001 - $1,025,000 0.7
$512,001 - $769,000 0.8
$410,001 - $512,000 0.3
$307,001 - $410,000 0.8
$205,001 - $307,000 4.2
$102,001 - $205,000 21.8
$51,001 - $102,000 44.4
$0 - $51,000 26.9

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
83.3001289112856 85.6955380577428

Number Of Homes And Apartments:
8,154

Portsmouth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.24% 1.12% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$726 / per month

Homeownership Rate

Homeownership
Owners 47.33
Renters 52.67
Vacant 16.09

Housing Market Details

 

Age of Homes

AGE OF Portsmouth HOMES
2000 or Newer 1.2
1970 - 1999 11.5
1940 - 1969 34.5
1939 or Older 52.8

Types of Homes

TYPE OF Portsmouth HOMES
Single-Family 69.0
Townhomes 2.4
Small Apt. Buildings 9.8
Apt. Complexes 15.5
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Portsmouth HOMES
No Bedroom 1.06
1 Bedroom 14.23
2 Bedrooms 37.25
3 Bedrooms 36.00
4 Bedrooms 10.13
5 or more bedrooms 1.33