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Homes for Sale in Portsmouth, VA Under $200,000

32 homes for sale in Portsmouth, VA under $200,000, plus 14 lots, from REIN MLS · Listing data as of Oct 2, 7:10 PM ET (syncs every 2 minutes)

32 homes are for sale in Portsmouth under $200,000 today, at a median list price of $160,000. The typical one has 2 bedrooms and about 1,022 sq ft, and was built in 1962.

Tom & Dariya Milan, RealtorsBrokered by LPT Realty · Call or text (757) 777-7577

All Portsmouth homes for sale →

Source: REIN MLS. For sale now and days on market include lots; median list price and new this week are for homes only. Homes under contract are excluded.

Shop byShop Portsmouth homes by$200K–$300K 119$300K–$400K 105$400K–$500K 24Condos & townhomes 33New construction 13Waterfront 16Land & lots 14On this pageMarketContactFAQ

32 Portsmouth homes and 14 lots for sale in this price range right now

(+39 under contract)
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Showing 1–60 of 85

Homes for sale are listed first, newest listings first; homes under contract follow.

Price ranges

Portsmouth, VA homes for sale by price range

Medians of active REIN MLS listings, October 2, 2026. Lots and land are counted separately and left out of the typical beds, size and year built. Est. payment is principal and interest only, 30-year fixed at 6.65% (an assumption, not a quote) with 20% down; taxes, insurance and HOA fees are extra. Estimates are for informational purposes only and do not constitute a loan offer or pre-approval. Compare local lenders: Hampton Roads lenders.
Price rangeHomes for saleTypical bedsTypical sizeTypical year builtEst. P&I / moListings
Under $200K32+14 lots21,022 sqft1962Est. payment up to $1,027/moShown on this page
$200K–$300K11931,355 sqft1943Est. payment $1,284/moSee 119 homes →
$300K–$400K10531,800 sqft1958Est. payment $1,798/moSee 105 homes →
$400K–$500K2442,470 sqft1964Est. payment $2,311/moSee 24 homes →
$500K–$750K843,621 sqft1910Est. payment $3,210/mo
Over $750K323,174 sqft1986Est. payment from $3,852/mo

Market snapshot

Portsmouth homes under $200,000: market snapshot, October 2026

Of the 46 listings for sale in Portsmouth under $200,000, 9 (20%) have had a price cut, and another 39 are under contract. The median active listing has been on the market 14 days (REIN).

For sale now

Median price per sq ft
$142
Under contract
39
With a price cut
920% of homes for sale

Recently sold

Homes sold
168
Median sold price
$155,500
Median days on market (REIN)
18 days
Median sold price per sq ft
$142

Closed sales from REIN MLS, March 2026 – September 2026.

Portsmouth housing market trends →Portsmouth market report PDF →

Data: REIN MLS, October 2, 2026.

Tom and Dariya Milan

Your agents

Your Portsmouth real estate agents: Tom & Dariya Milan

Tom & Dariya Milan, Realtors

Brokered by LPT Realty

We are Tom and Dariya Milan, a husband-and-wife team of licensed real estate agents in Virginia, serving Hampton Roads since 2005. Our office is at Town Center in Virginia Beach, and we are members of REIN MLS, the listing service behind every home on this page. In Portsmouth our work takes us across Olde Towne, Churchland, Cradock, Park View, Western Branch and West Norfolk. Call or text us about any Portsmouth home on REIN MLS, or ask for a private showing.

Office: 249 Central Park Ave Ste 300-220, Virginia Beach, VA 23462

Call or text (757) 777-7577

What's my Portsmouth home worth? →About Tom & Dariya →

FAQ

Homes for sale in Portsmouth, VA under $200,000: FAQ

How many homes are for sale in Portsmouth, VA under $200,000?

As of October 2, 2026, REIN MLS shows 32 homes for sale in Portsmouth under $200,000, plus 14 lots. Another 39 listings are under contract. Of the 46 listings for sale, 8 have been listed since September 26 and 9 have had a price cut.

All Portsmouth homes for sale →

What do homes under $200,000 in Portsmouth look like?

The median list price of the 32 homes for sale in Portsmouth under $200,000 is $160,000 as of October 2, 2026. The typical home has 2 bedrooms and about 1,022 sq ft, and was built in 1962. The median list price per square foot is $142.

Portsmouth housing market trends →

How fast do homes under $200,000 sell in Portsmouth?

From March 2026 through September 2026, 168 homes in Portsmouth sold under $200,000 on REIN MLS, at a median sold price of $155,500. The median closed sale was on the market 18 days (REIN).

Market snapshot and recent sales →