ZIP Code · VA

ZIP 23703

Part of Portsmouth, VA

Pop. 25,610·Portsmouth City·110th most expensive ZIP in Virginia

Median rent (all units)

$1,902/mo

Year-over-Year

Stable

Month-over-Month

+1.6%

vs US Median

-$30

Reported rents

Rising (Monthly)

Be the first to discuss 23703 rents ↓

Most AffordableMost Expensive

ZIP 23703 · $1,902

More expensive than 56% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,440

1 BR

$1,460

2 BR

$1,650

3 BR

$2,290

4 BR+

$2,690

Research median

$1,650/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Virginia

Rent in ZIP 23703 changed +6.2% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($78,707) is $1,968 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,650); a 3-bedroom is $2,290.

Rank in Portsmouth

5th cheapest of 5 ZIP codes in Portsmouth.

Cheaper nearby

ZIP 23707, 4 miles away, rents for 21% less ($1,511/mo), about $4,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23703. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,824/yr

At $1,902/mo median

Location

CityPortsmouth

StateVA

CountyPortsmouth City

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.6% MoM), not inventory.

Demographics

Who lives here

ZIP 23703 (Portsmouth, VA) is majority owner-occupied, 32.4% of residents hold a bachelor's degree or higher.

Population

25,610

Median income

$78,707

Median age

35.6

Renters

30.1%

Age distribution

24.8%

24.4%

24.5%

14.5%

Under 1824.8%

18–3424.4%

35–5424.5%

55–6411.8%

65+14.5%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

42.2%

41.6%

White42.2%

Black41.6%

Hispanic7.1%

Asian2.4%

Other6.7%

Education (25+)

24%

34.9%

32.4%

No HS diploma8.7%

HS diploma24%

Some college34.9%

Bachelor's+32.4%

Housing tenure

69.9%

30.1%

Owner69.9%

Renter30.1%

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

2021 vs 2026

How ZIP 23703 in Portsmouth, VA has changed in 5 years

Income

$68,413 → $78,707

up 15.0%

Population

26,680 → 25,610

down 4.0%

Renter share

31.9% → 30.1%

-1.8 pts

Bachelor's+

28.3% → 32.4%

+4.1 pts

Median age

36.1 → 35.6

-0.5 yrs

Household income in the area moved from $68,413 to $78,707 across the same window, up 15.0% versus 2021. Census counts show ZIP 23703 in Portsmouth, VA losing about 1,070 residents over the five-year window, down 4.0% on net. The renter share has eased from 31.9% to 30.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 28.3% to 32.4% across the same window.

Community

Discussions about ZIP 23703

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23703

About renting in ZIP 23703

Last updated: October 17, 2026

ZIP code 23703 covers Portsmouth, VA. The median rent here is $1,902/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,650/mo.

At 29% of local median household income ($78,707/yr), ZIP 23703 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23703?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,902/mo in ZIP 23703. The local median household income is $78,707/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23703?

Rent in ZIP 23703 has been roughly flat over the past year, a 0.0% change.

How does ZIP 23703 compare to other ZIPs in Virginia?

ZIP 23703 is in the middle among Virginia ZIP codes for rent, ranking #110 of 194 at $1,902/mo. Over the year to September 2026, rent in ZIP 23703 changed +6.2%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.