Hampton city, Virginia Housing Market
In Hampton city, Virginia, the median home value is $245,700, with a median monthly rent of $1,427. This places Hampton city at #925 nationally out of 3134 counties by median home value, and #73 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,097
- Establishments: 2,896
- BLS QCEW, 2025
Housing Supply
- Single-family: 100
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 56,868 (avg $58,292)
- Outflow: 52,504 (avg $59,800)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Hampton city · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23605 | 360.7 | +4.92% | 2025 |
| 2 | 23663 | 328.9 | -3.41% | 2025 |
| 3 | 23666 | 270.0 | +3.86% | 2025 |
| 4 | 23661 | 290.6 | +9.21% | 2025 |
| 5 | 23669 | 279.9 | +6.02% | 2025 |
| 6 | 23664 | 275.1 | +6.16% | 2025 |
| 7 | 23607 | 274.7 | +2.24% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hampton city Compares
| Metric | Hampton city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $245,700 | $295,807 | $227,706 |
| Median Gross Rent | $1,427 | $1,169 | $968 |
| Owner Occupancy Rate | 56.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 14.3 | 20.3 | 18.7 |
Market Analysis
The median home value in Hampton city is 16.9% below the Virginia state average and 7.9% above the U.S. national average. The median rent of $1,427/month is 22.1% above the state average.
With a price-to-rent ratio of 14.3, buying a home in Hampton city is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Hampton city has an owner-occupancy rate of 56.9%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| West Feliciana Parish | Louisiana | $245,700 | $1,049 |
| Bristol Bay Borough | Alaska | $245,800 | $1,317 |
| Citrus County | Florida | $245,500 | $1,107 |
| Pottawatomie County | Kansas | $245,900 | $924 |
| Waynesboro city | Virginia | $245,500 | $1,020 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Waynesboro city | $245,500 | $1,020 | 59.9% |
| Colonial Heights city | $246,600 | $1,234 | 68.1% |
| Portsmouth city | $246,900 | $1,300 | 57.9% |
| Rockbridge County | $248,800 | $925 | 79.3% |
| Charles City County | $241,400 | $1,099 | 86.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).