Quick facts: Hampton, GA

Quick Facts

97.5
Cost of Living
below US average
8,267
Population
8.35
Crime Rate per 1000
below US average
$67,808
Median Income
below US average
$332,000
Median House Price
above US average
$1982.3
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $67,808.

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Income Needed to Buy

βœ— Stretch
$104k/year
Based on $332,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $104k vs median $67,808
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1982.3/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $67,808
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hampton, GA

Hampton, Georgia, is a small city located in Henry County, approximately 30 miles south of Atlanta. With a population of around 7,000 residents, Hampton offers a blend of suburban charm and easy access to urban amenities. The city is known for its historic downtown area, which features quaint shops, restaurants, and community events. Hampton is perhaps best known as the home of the Atlanta Motor Speedway, a major venue for NASCAR events and other racing activities, attracting both locals and tourists. The city offers various parks and recreational opportunities, including nature trails and sports facilities, making it a family-friendly locale. The community has seen growth in recent years due to its proximity to Atlanta, which appeals to those seeking a quieter lifestyle while remaining close to the city's economic and cultural offerings. Hampton is served by the Henry County School District, providing educational options for families. Overall, Hampton, GA combines a small-town atmosphere with convenient access to the bustling city life of Atlanta.

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