Guide To The Best Portsmouth Neighborhoods

Portsmouth, VA, a picturesque historic seaport town, is part of the Hampton Roads metropolitan area with a population just under 100,000 residents. Portsmouth is a perfect combination of small town feel with the benefits of easy access to larger urban metro areas nearby. Use this helpful guide to find your perfect neighborhood fit!

1. Olde Towne, Portsmouth

Topping last year’s Coastal Virginia Magazine list of coolest neighborhoods, Olde Towne is undoubtedly a fantastic place to call home. A walkable, urban community with a vibrant arts and music scene, stunning historic homes, excellent restaurants, and lots to do. There is a high concentration of rental apartments and condos in the town center, surrounded by lovely historical home neighborhoods.

• Median income for this neighborhood is $37,851
• Median real estate price for this neighborhood is currently $267,500
• Average rental price is currently $1651/month

2. Sterling Point

Sterling Point is a suburban neighborhood of primarily medium to large-sized single family homes and townhomes. Home styles are diverse, and cost is driven by size and location. The properties along the Elizabeth river tend to be the most expensive. Sterling Point has the highest real estate tax in the Portsmouth area.

• Median income for this neighborhood is $66,739
• Median real estate price for this neighborhood is currently $345,000
• Average rental price is currently $1561/month

3. River Point/West Norfolk

The River Point/West Norfolk area of Portsmouth is a coastal suburban neighborhood bordering the Elizabeth River. Most of the real estate is medium to large-sized single family homes and townhomes. There are many military families in these neighborhoods due to its close proximity to the naval supply center and US Coast Guard base just to the north of the residential area.

• Median income for this neighborhood is $66,739
• Median real estate price for this neighborhood is currently $275,000
• Average rental price is currently $1950/month

4. Park Manor/Simonsdale

Park Manor/Simonsdale borders the Western Branch Elizabeth River. It boasts a lovely city park right along the river’s edge, making for a wonderful community space for families and other residents. Real estate here is also moderately priced, making it a great entry into the Portsmouth area. Rentals are a bit higher than average.

• Median income for this neighborhood is $55,929
• Median real estate price for this neighborhood is currently $207,765
• Average rental price is currently $1924/month

5. Academy Park

For those who like to be in the middle of it all, Academy Park is worth a look! In south central Portsmouth, this neighborhood borders the Bide-A-Wee golf course and Tidewater community college, has easy access to I-264, the Victory Crossing shopping center, and has a good mixture of housing options.

• Median income for this neighborhood is $66,563
• Median real estate price for this neighborhood is currently $185,669
• Average rental price is currently $1564/month

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