Portsmouth, Virginia Information
Lovers of naval history will find themselves right at home in the charming and historic hamlet of Portsmouth, Virginia. One of the towns in the Hampton Roads metropolitan area, Portsmouth is home to the Norfolk Naval Shipyard (commonly known as the Norfolk Navy Yard), as well as an expansive maritime museum and a bustling riverfront. Read on to learn more about what life has to offer in this cozy corner of Virginia, including housing costs, what residents are currently earning, all the can’t-miss destinations, and much more.
Portsmouth, Virginia Details
Median Home Price
A home in this town will cost, on average, $148,600. Be forewarned that prices have risen over 5 percent in the past year and are expected to increase still further in the months to come–an estimated 2 percent more. Given the annual income that a resident can expect to earn, this isn’t out of keeping with industry standards, but it’s something to consider nonetheless.
Average Monthly Rent
A 2-bedroom apartment will run about $920. Smaller digs will naturally be somewhat less expensive, about $873 for a one-bedroom pad, and $740 for a studio.
According to Neighborhood Scout, the town’s three most expensive neighborhoods are Waterview, Sterling Point/Briarwood, and West Norfolk. Does this make them the best? That’s up to the individual, of course. Here’s a brief primer on each, to help along the decision-making process.
Located along the western branch of the Elizabeth River, Waterview has a rich 250-year history and a selection of beautiful homes, most built between 1920 and 1950. The Waterview Civic League has set up a handy website, with a section that helps new arrivals with basics such as gas and electricity suppliers, trash removal, cable and internet, and the like. Neighbors like these can help to alleviate the hefty price tag.
Families with young children will no doubt appreciate the educational opportunities offered at Churchland Elementary School, one of the best such schools in the region. This academic powerhouse is one of the main reasons why homes in the neighborhood skew higher, but as with Waterview, it’s for a good cause.
Residents of West Norfolk tend to be active on Next Door, a convenient website that encourages conviviality between neighbors by keeping a live roster of upcoming events. Those who enjoy a lively neighborhood vibe would be right at home here, despite the relatively high cost of living.
The commonwealth of Virginia is richly steeped in US history, and this town is no exception. Olde Towne alone contains an impressive collection of antique homes, with over 300 years of memories just waiting to be explored. Visit the one where Benedict Arnold was allegedly once held captive, or the one that was used as an apothecary for Confederate soldiers during the Civil War.
A stroll along the Seawall is always a welcome diversion, as is a shopping expedition to historic Olde Towne. Visit the tourist website for a comprehensive list of the area’s shops and markets, as well as insider tips on the best places to dine.
The Nauticus Maritime Museum is an enthralling place to spend the day, for folks of any age. This evolving marine-oriented facility offers many exciting tours and exhibits, including a guided tour around the engine room of the battleship Wisconsin. Note that the museum is closed on Mondays.
While Virginia is certainly best-known for its naval connotations, there’s plenty to delight the art lovers as well. The Chrysler Museum, founded by the son of automobile tycoon Walter Chrysler, is home to a number of remarkable works of art–it even has a glass studio, offering classes and workshops on select days. The gallery includes pieces by Ansel Adams, Diane Arbus, Mary Cassatt, Paul Cezanne, Georgia O’Keeffe, Pablo Picasso, and many more.
When local folks become tired out from all this activity, they head over to Town Point Park in nearby Norfolk. This 7-acre waterfront park, located on the Elizabeth River, is the ideal meeting place or picnic spot, and buzzes with activity most weekends of the year.
In conclusion, Portsmouth is a splendid area to visit, and an even better place to settle down. Best of all, the friendly folks who already call the place home are ready and eager to welcome new arrivals. Come and experience the best that this unique section of America has to offer.
Portsmouth Property Management
Our property management team specializes in residential areas throughout Portsmouth, VA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Portsmouth area property management services.
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Maintenance & Inspections
Our maintenance and inspection services are designed to keep the value of your property intact. We offer a full service options to provide our clients with only the best service possible. We will handle all of the difficult problems related to caring for the property and tenants.
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