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What are some of the statistics about rentals in Portsmouth that would be helpful to know?

April 25, 2012 | 0 Comments

When relocating to the city of your choice, it’s important to get an idea of the cost of things. This definitely helps with the decision-making process. In the Hampton Roads area of Virginia, each city and community has unique offerings—historical backgrounds, oceanfront activities, small-town appeal, and strong job markets. Deciding where to settle is a matter of taste and cost, based on your job demands and family’s needs.

Take Portsmouth, for instance. Of the monthly rent paid for Portsmouth VA apartments in 2007, the highest number of renters in the city paid between $800 and $900 per month for their apartment. About half that many paid $600 to $649, $650 to $699, or $700 to $799. The median rental rate in 2008 was $708.

How much space you require is an important consideration as well. The largest percentage of Portsmouth’s rental units offer two bedrooms, with only half as many having one or three bedrooms. And availability is key—of the population in Portsmouth in 2008, 41% were renting.

Information like this can give you background to help make a decision. But the way you feel when you drive into town… that’s what makes you feel like you’re in the right place.

Category: City Guides, Hampton Roads