Hampton, VA—23664
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 $300,000, with a year-over-year change of -6.3%. This indicates that home prices in Hampton, VA are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | -6.3% |
| Single Family | $304,000 | 0.3% |
| Condos | $285,000 | -15.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 0.0% |
3 Bed | $290,000 | 0.0% |
4 Bed | $397,000 | 2.1% |
| 5 Bed | $509,000 | 2.6% |
% of Housing Stock
Rental Trends — Hampton, VA
As of July '25, Rentcast reports the average rent in Hampton, VA is $2,000, with a year-over-year rent change of -12.3%. Per bedroom, the median rent as of July '25 in Hampton, VA is 1-bedrooms: $2,050, 2-bedrooms: $1,770, 3-bedrooms: $1,980, 4-bedrooms: $2,660. The most common rental property sizes in Hampton, VA are 3-bedroom and 2-bedroom, accounting for 42.2% and 38.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $2,050 |
| 2 Bed Rent | $1,250 | $1,770 |
| 3 Bed Rent | $1,750 | $1,980 |
| 4 Bed Rent | $2,700 | $2,660 |
% 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 50. This is a increase of 20.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $384,000 | 23.0% |
Listing Count | 53 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 50 | 20.0% |
Demographics — Hampton, VA
As of the latest ACS Survey released in 2023, Hampton, VA has a population of 10,200, which has increased by 4.1% over the past 5 years. Hampton, VA is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | 4.1% |
% Under 18 | 22.9% | 14.5% |
% Seniors | 18.2% | 9.6% |
% WFH | 9.7% | 646.2% |
% w/ College Degree | 32.7% | 16.8% |
As of the latest ACS Survey released in 2023, Hampton, VA is a predominantly white area, with 67.2% of the population identifying as white. The white population has grown by 7.0% in the last 5 years. The second most common race or ethnicity in Hampton, VA is black, making up 25.0% of the population. Foreign-born residents account for 3.4% of the population in Hampton, VA, and this percentage has decreased by 37.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.2% | 7.0% |
% Black | 25.0% | -2.7% |
% Hispanic | 2.8% | -63.6% |
% Asian | 0.1% | -88.9% |
% Foreign Born | 3.4% | -37.0% |
Mortgage and Risk — Hampton, VA
According to HUD data as of 2023, there were 255 mortgage originations in Hampton, VA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hampton, VA
As of 2024, the percent of homes in Hampton, VA under the Section 8 program is 14.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Hampton, VA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 167 |
Total Units Section 8 | 167 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,800 | $1,410 |
| 2 Bedroom | $360 | $1,250 | $1,610 |
| 3 Bedroom | $490 | $1,750 | $2,240 |
| 4 Bedroom | -$30 | $2,700 | $2,670 |
Affordability — Hampton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $300,000 |
| Median Household Income | $81,700 |