Hampton, VA—23669
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 $278,000, with a year-over-year change of -0.4%. This indicates that home prices in Hampton, VA are flat. 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 | $278,000 | -0.4% |
| Single Family | $281,000 | 0.0% |
| Condos | $202,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $139,000 | 0.7% |
2 Bed | $184,000 | -1.1% |
3 Bed | $263,000 | -0.8% |
4 Bed | $345,000 | 0.6% |
| 5 Bed | $422,000 | 0.7% |
% of Housing Stock
Rental Trends — Hampton, VA
As of July '25, Rentcast reports the average rent in Hampton, VA is $1,730, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Hampton, VA is studios: $834, 1-bedrooms: $1,240, 2-bedrooms: $1,280, 3-bedrooms: $2,090, 4-bedrooms: $2,320. The most common rental property sizes in Hampton, VA are 2-bedroom and 3-bedroom, accounting for 50.1% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,730 |
| Studio Rent | $834 | $834 |
| 1 Bed Rent | $1,200 | $1,240 |
| 2 Bed Rent | $1,300 | $1,280 |
| 3 Bed Rent | $2,100 | $2,090 |
| 4 Bed Rent | $2,100 | $2,320 |
% 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 decrease of -8.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | -5.0% |
Listing Count | 116 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 40 | -8.0% |
Demographics — Hampton, VA
As of the latest ACS Survey released in 2023, Hampton, VA has a population of 39,700, which has decreased by -4.7% 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 31.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | -4.7% |
% Under 18 | 22.9% | 1.3% |
% Seniors | 15.8% | 11.3% |
% WFH | 7.2% | 94.6% |
% w/ College Degree | 31.4% | 10.2% |
As of the latest ACS Survey released in 2023, Hampton, VA is a predominantly black area, with 47.4% of the population identifying as black. The black population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Hampton, VA is white, making up 39.0% of the population. Foreign-born residents account for 4.3% of the population in Hampton, VA, and this percentage has increased by 10.3% 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 | 39.0% | -7.1% |
% Black | 47.4% | -0.6% |
% Hispanic | 6.5% | 62.5% |
% Asian | 1.9% | 0.0% |
% Foreign Born | 4.3% | 10.3% |
Mortgage and Risk — Hampton, VA
According to HUD data as of 2023, there were 797 mortgage originations in Hampton, VA, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Hampton, VA. Investor activity is low, as 4.0% 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 | 797 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% 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 22.0%. 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 | 1,557 |
Total Units Section 8 | 1,404 |
% Rentals under Section 8 | 22.0% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,200 | $1,330 |
| 2 Bedroom | $220 | $1,300 | $1,520 |
| 3 Bedroom | $20 | $2,100 | $2,120 |
| 4 Bedroom | $420 | $2,100 | $2,520 |
Affordability — Hampton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $278,000 |
| Median Household Income | $67,000 |