Portsmouth, VA — income, home value, property tax, and sales tax.
In ZIP code 23701, near Portsmouth, homes carry a median value of $235,200 while households earn a median of $62,349. At the county's 1.04% effective property tax rate, that home would generate an annual bill of roughly $2,446 — about 3.9% of median household income. Per-capita income sits at $32,768, so the tax load varies widely across owners. Combined with a 6.00% sales tax, housing costs and consumption taxes together shape what families here can set aside. Buyers weighing this ZIP should compare their own income against these medians rather than assume the average case applies.
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