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ZIP Code · VA

ZIP 23701

Pop. 24,298·Portsmouth City·151st most expensive ZIP in Virginia
Median rent (all units)
$1,668/mo
Year-over-Year
+9.8%
Month-over-Month
-6.6%
vs US Median
-$297
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 23701 · $1,668
More affordable than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,380
1 BR
$1,390
2 BR
$1,580
3 BR
$2,190
4 BR+
$2,580
Research median
$1,580/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,016/yr
At $1,668/mo median
Location
StateVA
CountyPortsmouth City
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 9.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+9.8% YoY, -6.6% MoM), not inventory.
Demographics

Who lives here

ZIP 23701 (Portsmouth, VA) is majority owner-occupied, has a median income below the national average, 21.5% of residents hold a bachelor's degree or higher.

Population
24,298
Median income
$62,349
Median age
38.9
Renters
31%
Age distribution
21.3%
21.3%
25.1%
12.9%
19.3%
Under 1821.3%
18–3421.3%
35–5425.1%
55–6412.9%
65+19.3%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
34.9%
55%
White34.9%
Black55%
Hispanic4.2%
Other5.7%
Education (25+)
33.8%
34.9%
21.5%
No HS diploma9.9%
HS diploma33.8%
Some college34.9%
Bachelor's+21.5%
Housing tenure
69%
31%
Owner69%
Renter31%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 23701 in Portsmouth, VA has changed in 5 years

Income
$57,082 → $62,349
up 9.2%
Population
25,021 → 24,298
down 2.9%
Renter share
35.1% → 31%
-4.1 pts
Bachelor's+
18.9% → 21.5%
+2.6 pts
Median age
37.5 → 38.9
+1.4 yrs

Census figures show median household income at $62,349 today, compared with $57,082 five years earlier. Headcount in the area went from 25,021 to 24,298 between 2021 and 2024, a 2.9% change. About 31% of households rent today, against 35.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 18.9% to 21.5%.

Community

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Local insights

Tips for renters in ZIP 23701

About renting in ZIP 23701

Last updated: July 20, 2026

ZIP code 23701 covers Portsmouth, VA. The median rent here is $1,668/mo as of July 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,580/mo.

At 32% of local median household income ($62,349/yr), ZIP 23701 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23701?

As of July 20, 2026, the median monthly rent in ZIP 23701 (Portsmouth, VA) is $1,668. This is based on aggregated data from public sources and community submissions.

How does ZIP 23701 rent compare to the US average?

ZIP 23701's median rent of $1,668/mo is $297 (15%) below the US national median of $1,965/mo.

How does ZIP 23701 compare to other ZIPs in Virginia?

ZIP 23701 is among the more affordable ZIP codes in Virginia, ranking #151 out of 198 ZIPs at $1,668/mo.

How much income do you need to rent in ZIP 23701?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,668/mo in ZIP 23701. The local median household income is $62,349/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 23701?

Rent in ZIP 23701 has increased 9.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23701 an affordable place to rent?

ZIP 23701 is considered moderate for renters. At $1,668/mo, rent takes approximately 32% of the local median household income ($62,349/yr). The standard benchmark is 30%. ZIP 23701 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 23701 residents rent vs. own?

According to Census data, approximately 31% of ZIP 23701 households are renters, while 69% are owner-occupied. ZIP 23701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23701 compare to the rest of Portsmouth?

ZIP 23701 is pricier than Portsmouth as a whole. At $1,668/mo, it's $51 above the Portsmouth citywide median of $1,617/mo.

When was rent data for ZIP 23701 last updated?

Rent data for ZIP 23701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $1,668/mo, rent takes ~32% of ZIP 23701's median household income ($62,349/yr). The standard benchmark is 30%.

ZIP 23701 32%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23701 (Portsmouth, VA)

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