Hampton, VA—23663
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 $228,000, with a year-over-year change of -1.6%. This indicates that home prices in Hampton, VA are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | -1.6% |
| Single Family | $227,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | -3.3% |
3 Bed | $228,000 | -1.3% |
4 Bed | $286,000 | 0.0% |
| 5 Bed | $348,000 | 0.9% |
% of Housing Stock
Rental Trends — Hampton, VA
As of July '25, Rentcast reports the average rent in Hampton, VA is $1,630, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Hampton, VA is 1-bedrooms: $939, 2-bedrooms: $1,390, 3-bedrooms: $1,840, 4-bedrooms: $2,040. The most common rental property sizes in Hampton, VA are 3-bedroom and 2-bedroom, accounting for 34.4% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $939 |
| 2 Bed Rent | $1,350 | $1,390 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | $1,950 | $2,040 |
% 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 56. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 5.0% |
Listing Count | 40 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 56 | -4.0% |
Demographics — Hampton, VA
As of the latest ACS Survey released in 2023, Hampton, VA has a population of 14,600, which has increased by 5.5% over the past 5 years. Hampton, VA is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | 5.5% |
% Under 18 | 23.0% | -9.4% |
% Seniors | 15.5% | 26.0% |
% WFH | 6.8% | 209.1% |
% w/ College Degree | 17.4% | -3.3% |
As of the latest ACS Survey released in 2023, Hampton, VA is a predominantly black area, with 49.5% of the population identifying as black. The black population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Hampton, VA is white, making up 36.6% of the population. Foreign-born residents account for 3.2% of the population in Hampton, VA, and this percentage has increased by 18.5% 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 | 36.6% | -3.2% |
% Black | 49.5% | -2.8% |
% Hispanic | 4.6% | -37.0% |
% Asian | 0.4% | -71.4% |
% Foreign Born | 3.2% | 18.5% |
Mortgage and Risk — Hampton, VA
According to HUD data as of 2023, there were 386 mortgage originations in Hampton, VA, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Hampton, VA. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hampton, VA
As of 2024, the percent of homes in Hampton, VA under the Section 8 program is 17.3%. 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 | 539 |
Total Units Section 8 | 432 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $800 | $1,350 |
| 2 Bedroom | $190 | $1,350 | $1,540 |
| 3 Bedroom | $340 | $1,800 | $2,140 |
| 4 Bedroom | $600 | $1,950 | $2,550 |
Affordability — Hampton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $228,000 |
| Median Household Income | $59,400 |