Portsmouth, Kingston - August 2026 Real Estate Report

Portsmouth, Kingston: Your Neighbour Just Got a Better Price Than You Think

If you own a home in Portsmouth and the last number you checked was your city tax assessment, you are leaving real money on the table. Here is what is actually happening on our streets right now.

The Vibe: Houses vs. Condos in Portsmouth

The two property types in our neighbourhood are telling very different stories this season, and knowing which one you own matters a lot.

Houses - Holding Steady With Momentum Building

Our houses are sitting at an average HonestDoor Price of $658,076, which is down a slim 0.61% from last period. That is not a crash - that is a breather. The forward-looking number is actually more encouraging. The predicted market value for houses is $662,115, which is already climbing past the 3-month moving average of $655,798. The market is pointing up, not down.

• Average HonestDoor Price: $658,076 (down 0.61% from last period)
• Predicted Market Value: $662,115
• 3-Month Moving Average: $655,798
• Recent Value Change: up 1.06%
• Average Rental Estimate: $3,121 per month
• Rental Yield: 5.32% - that is a strong return
• Airbnb Estimate: $155 per night
• Airbnb Rank in Kingston: 22nd out of Kingston neighbourhoods
• Growth Rank: 13th out of 44 Kingston neighbourhoods

That growth rank is worth pausing on. Portsmouth houses sit in the top third of all Kingston neighbourhoods on the leaderboard. We are not leading the pack, but we are well ahead of the middle. For landlords, a 5.32% rental yield is genuinely strong - most financial advisors would call that a healthy income-producing asset.

How do we compare to the neighbours? Kingston Penitentiary area homes are predicted at $626,000, which puts Portsmouth houses comfortably ahead. Fairway Hills comes in at $804,901 and Alwington is in a different league entirely at $1,394,278 - but those are different markets with different price points.

Condos - The Outperformer You Might Not Expect

If you own a condo in Portsmouth, pay close attention. The average HonestDoor Price is $732,074, and it has jumped 3.19% from the previous period. That is not a small move. The predicted market value sits at $709,470, well above the 3-month moving average of $651,565. Condos here are running hot.

• Average HonestDoor Price: $732,074 (up 3.19% from last period)
• Predicted Market Value: $709,470
• 3-Month Moving Average: $651,565
• Recent Value Change: up 2.99%
• Average Rental Estimate: $3,310 per month
• Rental Yield: 3.46% - moderate but consistent
• Airbnb Estimate: $164 per night
• Airbnb Rank in Kingston: 8th out of Kingston neighbourhoods
• Growth Rank: 10th out of 44 Kingston neighbourhoods

That Airbnb rank of 8th in all of Kingston is a real signal. Portsmouth condos are in the top tier for short-term rental demand in this city. On the neighbourhood growth leaderboard, a 10th-place ranking out of 44 puts our condos solidly in the top quarter of Kingston. Nearby, Fairway Hills condos average $508,930 and Sunnyside sits at $600,242 - Portsmouth condos are priced above both, and the growth data suggests buyers are willing to pay that premium.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Here is the honest truth about city assessments. They are snapshots from the past. By the time the city mails you that number, the market has already moved on. In Portsmouth right now, house values have shifted 1.06% and condo values have moved 2.99% - those are real dollars that a static government assessment simply cannot capture.

The HonestDoor Price is updated in real time using actual market activity. It is the difference between knowing what your home is worth today versus what a bureaucrat calculated it was worth sometime last year. For a Portsmouth house averaging $658,076, even a 1% gap between your assessment and reality is roughly $6,500 you might not know you have. For condos at $732,074, a 3% gap is over $21,000. That is not a rounding error - that is a real-world check that changes decisions.

Check your HonestDoor Price before you do anything else. It takes two minutes and it gives you the current number, not the stale one.

The So What - Thinking About Selling This Summer?

If you are a Portsmouth homeowner eyeing a summer sale, the data is giving you a reasonable green light - with some nuance depending on what you own.

For house owners, the slight dip of 0.61% in the current HonestDoor Price is less important than the direction of travel. The predicted value of $662,115 is above where we sit today, and the 3-month average is trending upward. Listing this summer means you are catching a market that is recovering, not one that is falling further. Waiting too long into fall could mean competing with more listings as other owners reach the same conclusion.

For condo owners, the case is even clearer. A 3.19% increase in the HonestDoor Price and a top-10 growth ranking in Kingston means demand is real and buyers are active. An Airbnb rank of 8th in the city also tells you that investors are paying attention to Portsmouth condos - and investor buyers tend to move fast and negotiate less.

Either way, the move right now is simple. Pull your HonestDoor Price, compare it to what you paid or what your last assessment said, and have an honest conversation about what your next step looks like. The numbers in Portsmouth are working in your favour - you just need to know what they actually are.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.