Performance indicators for the Portsmouth short-term rental market based on reliable data.
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The highest-performing listings in Portsmouth.
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Generally Investor friendly
Owner‑occupied STRs are permitted by state law with no local license/caps yet and only a modest 1% local tax plus 5.3% state sales tax; planning for the upcoming ordinance introduces compliance and cost risk but remains manageable.
Local STR Agent
STR specialist · Portsmouth, VA
Portsmouth, Virginia, is a historic city located in the southeastern part of the state, with a population of approximately 95,000 residents. It is situated just across the Elizabeth River from Norfolk, one of Virginia's major cities, and is part of the Hampton Roads metropolitan area. Norfolk is approximately 2.5 miles away, making Portsmouth a conveniently located destination for visitors seeking a balance between suburban tranquility and urban amenities.
Portsmouth is renowned for its rich naval history and its well-preserved historic sites. One of the city's top attractions is the Portsmouth Naval Shipyard Museum, which offers insights into over 250 years of maritime history. Another point of interest is the Lightship Portsmouth Museum, a restored lightship that now serves as a floating museum. Visitors can learn about the vessel's history and role in guiding maritime traffic.
The city's Olde Towne Historic District is particularly appealing, featuring beautifully maintained 18th and 19th-century homes, eclectic shops, and eateries. This area is ideal for tourists interested in architecture and history. For more information, you can visit the Olde Towne Portsmouth website.
The waterfront area at High Street Landing provides scenic views and is known for hosting various festivals and events throughout the year. Additionally, the Children's Museum of Virginia, located in Portsmouth, offers interactive exhibits aimed at engaging younger visitors. More details can be found on the Children's Museum of Virginia website.
Given its strategic location near Norfolk and its historical and cultural offerings, Portsmouth has become an attractive option for short-term rentals. The combination of local landmarks, such as the Portsmouth Naval Shipyard Museum and the Olde Towne Historic District, along with proximity to a major city, provides a diverse range of activities and an immersive experience for visitors. This makes Portsmouth a compelling choice for travelers seeking a unique and historically rich environment.