The Norfolk Naval Shipyard often called the Norfolk Navy Yard and abbreviated as NNSY is a U.S. Navy facility that is used for building, remodeling, and repairing the U.S. Navy's ships. It is the oldest and largest industrial facility that belongs to the U.S. Navy. The Norfolk Naval Shipyard is actually located in Portsmouth, Virginia, adjacent to its neighboring city of Norfolk, Virginia. Portsmouth is nestled in Coastal Southeast Virginia along the beautiful Elizabeth River and is a part of the Hampton Roads metropolitan area. Along with several Coast Guard units and. the NNSY, Portsmouth is also home to the Naval Medical Center, which is a historic and active U.S. Navy facility. Portsmouth is centrally located in Southeast Virginia and is an easy drive to the Virginia Beach Oceanfront, historic Colonial Williamsburg and the Nation's Capital Washington, D.C. Portsmouth, Virginia offers a robust selection of friendly neighborhoods, dining, shopping, museums, and historic sites. The median list price for homes in Portsmouth, Virginia is $220,000.