Real Estate in Hampton, VA
Updated 2026 • Housing market data from 8 zip codes • Redfin data through January 2026
📊 Hampton, VA Market Activity
The Hampton housing market shows a median sale price of $257,450, 3.0% higher than last year. The price per square foot is $172, below the national median of ~$215/sqft, up 3.0% year-over-year. Homes in Hampton spend a median of 57 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Hampton Rental Market
The average rent in Hampton, VA is $1,878 per month. A 2-bedroom apartment rents for approximately $1,335/month, while a 3-bedroom home averages $2,150/month.
📦 Hampton Housing Supply & Demand
There are 445 new listings and 336 active properties on the market.
🏆 Hampton Market Competitiveness
Homes in Hampton sell for an average of 100.0% of their asking price. About 37% of properties sell above list price, indicating strong competition among buyers.
On average, homes sell at or above asking price
37% of sales closed above asking, % at or below
📋 Housing Overview
Hampton, VA Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 307500, the balance between renting (44%) and owning (56%), and a population of 138037 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $307,500 and average rents of $1,878/month, the median household income of $64,430 provides context for affordability in Hampton. Whether you're looking to buy property in Hampton or invest in Hampton real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $1,335/month, while a 3-bedroom house averages $2,150/month.
Economy & What Drives Hampton Real Estate
Real estate values in Hampton, VA are driven by local employment, school quality, and quality of life. The cost of living index of 81.2 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $64,430, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Hampton neighborhoods.
Pros & Cons
Pros
- •Friendly community vibes
- •Decent local restaurants
- •Variety of kids' activities
- •Active volunteer organizations
- •Rich historical sites nearby
- •Affordable housing options
- •Good waterfront access
- •Growing job market in tech
- •Proximity to military jobs
- •Strong support for local arts
Cons
- •Public transport needs improvement
- •Limited diversity in some neighborhoods
- •Potential for racial tension
- •Higher crime rates reported
- •Limited nightlife options
- •Schools vary in quality
- •Traffic congestion during peak hours
- •Flooding risk in coastal areas
- •Weather can be very humid
- •Some areas face economic decline
Frequently Asked Questions
What is the cost of living in Hampton, VA? ▼
The cost of living in Hampton, VA is 19% lower than the national average, with a cost of living index of 81 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Hampton, VA? ▼
In Hampton, VA, The median home price is $307,500. requiring approximately $108,750 annual income to afford. Average rent is $1,878/month (requiring ~$75,126/year income). The local median household income is $64,430, making homeownership attainable for typical residents. Explore Hampton real estate data →
Is Hampton, VA a safe place to live? ▼
Hampton, VA is average in terms of safety, with crime rates near the national average. The crime rate is 20.7 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Hampton crime statistics →
What salary do you need to live comfortably in Hampton, VA? ▼
To live comfortably in Hampton, VA and afford a median-priced home of $307,500, you would typically need a household income of $76,875 to $96,094 per year. The local median household income is $64,430. Renting requires approximately $75,126/year (at $1,878/month). See full affordability analysis →
Is Hampton, VA growing? ▼
Hampton, VA has a population of 138,037. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market attract new residents. See Hampton population demographics →
What are the best neighborhoods in Hampton, VA? ▼
The best neighborhoods in Hampton, VA depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $307,500 is below the national average. Explore Hampton on our interactive map →
What is the commute like in Hampton, VA? ▼
Commute times in Hampton, VA vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Hampton, VA? ▼
Tax rates in Hampton, VA include state and local components. The cost of living index of 81 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Hampton tax information →
How does Hampton, VA compare to nearby cities? ▼
Hampton, VA offers a more affordable alternative to nearby communities. With a cost of living index of 81, median home prices of $307,500, and a crime rate of 20.68 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Hampton, VA? ▼
Weather in Hampton, VA varies by season. Climate data varies by season. View detailed Hampton climate & environment data →
Is it better to rent or buy in Hampton, VA? ▼
With a median home price of $307,500 and average rents of $1,878/month, the price-to-rent ratio in Hampton is 13.6x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Hampton, VA? ▼
The median price per square foot in Hampton is $172, which is 20% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Hampton, VA? ▼
Homes in Hampton spend a median of 57 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Hampton, VA
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin