Hampton, VA—23666
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 $284,000, with a year-over-year change of 0.0%. This indicates that home prices in Hampton, VA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 0.0% |
| Single Family | $289,000 | -0.3% |
| Condos | $152,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $118,000 | -1.7% |
2 Bed | $206,000 | 1.0% |
3 Bed | $272,000 | -0.7% |
4 Bed | $368,000 | 1.1% |
| 5 Bed | $440,000 | 1.6% |
% of Housing Stock
Rental Trends — Hampton, VA
As of July '25, Rentcast reports the average rent in Hampton, VA is $1,920, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Hampton, VA is studios: $1,510, 1-bedrooms: $1,430, 2-bedrooms: $1,780, 3-bedrooms: $2,020, 4-bedrooms: $2,460. The most common rental property sizes in Hampton, VA are 2-bedroom and 1-bedroom, accounting for 40.2% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,830 | $1,920 |
| Studio Rent | $1,510 | $1,510 |
| 1 Bed Rent | $1,530 | $1,430 |
| 2 Bed Rent | $1,830 | $1,780 |
| 3 Bed Rent | $1,900 | $2,020 |
| 4 Bed Rent | $2,400 | $2,460 |
% 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 41. This is a increase of 8.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $313,000 | 7.0% |
Listing Count | 116 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 41 | 8.0% |
Demographics — Hampton, VA
As of the latest ACS Survey released in 2023, Hampton, VA has a population of 53,200, which has increased by 2.5% over the past 5 years. Hampton, VA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,200 | 2.5% |
% Under 18 | 20.4% | 0.5% |
% Seniors | 15.7% | 6.1% |
% WFH | 8.3% | 295.2% |
% w/ College Degree | 26.8% | -6.9% |
As of the latest ACS Survey released in 2023, Hampton, VA is a predominantly black area, with 52.2% of the population identifying as black. The black population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Hampton, VA is white, making up 28.7% of the population. Foreign-born residents account for 7.2% of the population in Hampton, VA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 28.7% | -11.1% |
% Black | 52.2% | -3.9% |
% Hispanic | 8.5% | 21.4% |
% Asian | 3.5% | -16.7% |
% Foreign Born | 7.2% | 0.0% |
Mortgage and Risk — Hampton, VA
According to HUD data as of 2023, there were 942 mortgage originations in Hampton, VA, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 49.0% 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. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 942 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Hampton, VA
As of 2024, the percent of homes in Hampton, VA under the Section 8 program is 12.4%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hampton, VA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,559 |
Total Units Section 8 | 1,554 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 83.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,530 | $1,570 |
| 2 Bedroom | -$30 | $1,830 | $1,800 |
| 3 Bedroom | $610 | $1,900 | $2,510 |
| 4 Bedroom | $580 | $2,400 | $2,980 |
Affordability — Hampton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $284,000 |
| Median Household Income | $70,800 |