Hampton, VA—23661
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hampton, VA
As of Oct '25, the median home price in Hampton, VA is $235,000, with a year-over-year change of -4.4%. This indicates that home prices in Hampton, VA are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $235,000 | -4.4% |
| Single Family | $235,000 | -4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | -9.3% |
3 Bed | $234,000 | -4.9% |
4 Bed | $308,000 | -1.3% |
| 5 Bed | $365,000 | -1.6% |
% of Housing Stock
Rental Trends — Hampton, VA
As of July '25, Rentcast reports the average rent in Hampton, VA is $1,720, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Hampton, VA is 1-bedrooms: $1,000, 2-bedrooms: $1,350, 3-bedrooms: $1,800, 4-bedrooms: $2,380. The most common rental property sizes in Hampton, VA are 3-bedroom and 2-bedroom, accounting for 33.4% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,000 |
| 2 Bed Rent | $1,200 | $1,350 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $2,400 | $2,380 |
% of Rental Stock
Property Listings — Hampton, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hampton, VA is 40. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 6.0% |
Listing Count | 48 | -19.0% |
| Listings as % of Homes | 0.7% | -19.0% |
Days on Market | 40 | 6.0% |
Demographics — Hampton, VA
As of the latest ACS Survey released in 2023, Hampton, VA has a population of 14,100, which has increased by 10.2% over the past 5 years. Hampton, VA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | 10.2% |
% Under 18 | 21.7% | 11.3% |
% Seniors | 20.0% | 9.9% |
% WFH | 11.5% | 283.3% |
% w/ College Degree | 26.3% | 25.2% |
As of the latest ACS Survey released in 2023, Hampton, VA is a predominantly black area, with 59.5% of the population identifying as black. The black population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Hampton, VA is white, making up 30.6% of the population. Foreign-born residents account for 2.9% of the population in Hampton, VA, and this percentage has increased by 93.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.6% | 0.3% |
% Black | 59.5% | -7.6% |
% Hispanic | 4.0% | 29.0% |
% Asian | 0.5% | ∞% |
% Foreign Born | 2.9% | 93.3% |
Mortgage and Risk — Hampton, VA
According to HUD data as of 2023, there were 461 mortgage originations in Hampton, VA, of which 38.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in Hampton, VA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 461 |
% Conventional Loans | 38.0% |
% Government Loans | 62.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hampton, VA
As of 2024, the percent of homes in Hampton, VA under the Section 8 program is 17.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hampton, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 325 |
Total Units Section 8 | 325 |
% Rentals under Section 8 | 17.4% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $900 | $1,290 |
| 2 Bedroom | $270 | $1,200 | $1,470 |
| 3 Bedroom | $250 | $1,800 | $2,050 |
| 4 Bedroom | $30 | $2,400 | $2,430 |
Affordability — Hampton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $235,000 |
| Median Household Income | $66,800 |