Why Live in Olde Towne Portsmouth
Olde Towne, the historic urban gem on the banks of the Elizabeth River, offers a wide range of community events, Colonial-era houses and amenities right within reach. Olde Towne dates back over 300 years, when it was settled as a Colonial port town that was integral during the American Revolution. Listed on the National Register of Historic Places today, the neighborhood is adorned with beautifully preserved historical landmarks, like Saint John’s Episcopal Church. The appeal of living in Olde Towne lies not just in its landmarks, but “its spaces that foster community and knowing that you’re a living part of the history you’re constantly experiencing,” says Martin Bayer, Second Vice President of the Olde Towne Portsmouth Civic League. The civic league overlooks the beautification of Olde Towne. Recent renovations to the district have drastically improved the flooding the neighborhood previously faced, maintaining the historical value of the community. There are simple, stately Colonial and Neoclassical houses, and ornate, colorful Victorian homes. Established homes tend to price between $300,000 and $600,000. Closer to the water, buyers will also find high-rise condos with
Frequently Asked Questions
Is Olde Towne Portsmouth a good place to live?
Olde Towne Portsmouth is a good place to live. Olde Towne Portsmouth is considered fairly walkable and bikeable with good transit options. Olde Towne Portsmouth has 7 parks for recreational activities. It is very dense in population with 16.8 people per acre and a median age of 39. The average household income is $83,235 which is below the national average. College graduates make up 38.9% of residents. A majority of residents in Olde Towne Portsmouth are renters, with 69.8% of residents renting and 30.2% of residents owning their home. A
local real estate agent serving Olde Towne Portsmouth can help you decide if this neighborhood is the right one for you. Learn more on our
Olde Towne Portsmouth neighborhood guide.
Is Olde Towne Portsmouth, VA a safe neighborhood?
Olde Towne Portsmouth, VA is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Olde Towne Portsmouth?
The median home price in Olde Towne Portsmouth is $310,000. If you put a 20% down payment of $62,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,610 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Olde Towne Portsmouth. The average household income in Olde Towne Portsmouth is $83K.
What are the best public schools in Olde Towne Portsmouth?
The best public schools that serve Olde Towne Portsmouth are:
What are the best private schools in Olde Towne Portsmouth?
The best private schools that serve Olde Towne Portsmouth are:
- The Williams School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.8.
- The Hague School has an A Niche grade, a student teacher ratio of 6:1 and an average review score of 5.0.
- St Mark Christian Academy has a student teacher ratio of 11:1 and an average review score of 3.0.
What are the most popular zip codes in Olde Towne Portsmouth, Portsmouth, VA?
What are the most popular neighborhoods near Olde Towne Portsmouth, Portsmouth, VA?
Home Trends in Olde Towne Portsmouth, VA
On average, homes in Olde Towne Portsmouth, Portsmouth sell after 54 days on the market compared to the national average of 51 days. The median sale price for homes in Olde Towne Portsmouth, Portsmouth over the last 12 months is $295,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$295,000
Median Single Family Sale Price
$392,500
Median Townhouse Sale Price
$250,000
Median 2 Bedroom Sale Price
$252,450
Median 1 Bedroom Sale Price
$155,000
Average Price Per Sq Ft
$177
Number of Homes for Sale
13
Last 12 months Home Sales
37
Median List Price
$310,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%