Portsmouth, VA — income, home value, property tax, and sales tax.
ZIP code 23703, in the Portsmouth area, sits squarely in middle-income territory. Households here earn a median of $78,707, while per-capita income reaches $40,712, and homes are valued at a median of $295,900. That property value pairs with a county effective tax rate of 1.04%, so owners pay roughly a thousand dollars annually per hundred thousand of home value. Sales tax across the area runs 6.00%, a rate shoppers encounter on most purchases. Together these figures describe a community with steady earning power, where housing costs and consumption taxes shape the everyday cost of living.
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