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ZIP Code · VA

ZIP 23703

Pop. 25,610·Portsmouth City·123rd most expensive ZIP in Virginia
Median rent (all units)
$1,879/mo
Year-over-Year
Stable
Month-over-Month
+4.0%
vs US Median
-$86
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 23703 · $1,879
More expensive than 53% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$22,548/yr
At $1,879/mo median
Location
StateVA
CountyPortsmouth City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.0% 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

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Local insights

Tips for renters in ZIP 23703

About renting in ZIP 23703

Last updated: July 20, 2026

ZIP code 23703 covers Portsmouth, VA. The median rent here is $1,879/mo as of July 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 is rent in ZIP code 23703?

As of July 20, 2026, the median monthly rent in ZIP 23703 (Portsmouth, VA) is $1,879. This is based on aggregated data from public sources and community submissions.

How does ZIP 23703 rent compare to the US average?

ZIP 23703's median rent of $1,879/mo is $86 (4%) below the US national median of $1,965/mo.

How does ZIP 23703 compare to other ZIPs in Virginia?

ZIP 23703 falls in the middle range for Virginia, ranking #123 out of 198 ZIPs at $1,879/mo.

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 $75,000/year (~$36/hour full-time) to afford the median rent of $1,879/mo in ZIP 23703. The local median household income is $78,707/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23703?

Rent in ZIP 23703 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 23703 an affordable place to rent?

ZIP 23703 is considered affordable for renters. At $1,879/mo, rent takes approximately 29% of the local median household income ($78,707/yr). The standard benchmark is 30%. ZIP 23703 falls comfortably within that range.

What percentage of ZIP 23703 residents rent vs. own?

According to Census data, approximately 30.1% of ZIP 23703 households are renters, while 69.9% are owner-occupied. ZIP 23703 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23703 compare to the rest of Portsmouth?

ZIP 23703 is pricier than Portsmouth as a whole. At $1,879/mo, it's $262 above the Portsmouth citywide median of $1,617/mo.

When was rent data for ZIP 23703 last updated?

Rent data for ZIP 23703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,879/mo, rent takes ~29% of ZIP 23703's median household income ($78,707/yr). The standard benchmark is 30%.

ZIP 23703 29%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23703 (Portsmouth, VA)

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