Hampton, VA


Highest Appreciating Hampton Neighborhoods Since 2000

Hampton, VA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hampton Housing Market Information

With a population of 136,454, 52,940 total housing units (homes and apartments), and a median house value of $198,547, Hampton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hampton, accounting for 65.02% of the city's housing units. Other types of housing that are prevalent in Hampton include large apartment complexes or high rise apartments ( 20.35%), duplexes, homes converted to apartments or other small apartment buildings ( 7.01%), and a few row houses and other attached homes ( 6.61%).

The most prevalent building size and type in Hampton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.74% owning and 44.26% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hampton's housing was primarily built during this period, from the '40s through the '60s. A full 43.31% of the city's housing hails from this era. Other housing ages represented in Hampton include homes built between 1970-1999 ( 40.38%) and housing constructed between 2000 and later ( 9.81%). There's also some housing in Hampton built before 1939 ( 6.50%).

Vacant housing appears to be an issue in Hampton. Fully 12.01% of the housing stock is classified as vacant. Left unchecked, vacant Hampton homes and apartments can be a drag on the real estate market, holding Hampton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hampton Home Appreciation Rates

Homes have actually lost value in Hampton over the last then years, as home values have seen a decline of 19.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hampton home appreciation rates at 1.95%, which equates to an annual appreciation rate of 8.03%.

Over the last year, Hampton appreciation rates have trailed the rest of the nation. In the last twelve months, Hampton's appreciation rate has been 0.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hampton were at 1.95%, which equates to an annual appreciation rate of 8.03%.

Relative to Virginia, our data show that Hampton's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hampton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hampton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hampton real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,013,000 0.6
$759,001 - $1,013,000 0.3
$506,001 - $759,000 1.6
$405,001 - $506,000 1.5
$304,001 - $405,000 7.6
$203,001 - $304,000 30.2
$101,001 - $203,000 45.2
$51,001 - $101,000 8.0
$0 - $51,000 5.0

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
33.7549036828854 49.0304709141274

Number Of Homes And Apartments:

Hampton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
56.24% 2.58% 6 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,277 / per month

Homeownership Rate

Owners 55.74
Renters 44.26
Vacant 12.01

Housing Market Details


Age of Homes

2000 or Newer 9.8
1970 - 1999 40.4
1940 - 1969 43.3
1939 or Older 6.5

Types of Homes

Single-Family 65.0
Townhomes 6.6
Small Apt. Buildings 7.0
Apt. Complexes 20.3
Mobile Homes 1.0
Other 0.0

Home Size

No Bedroom 10.38
1 Bedroom 6.01
2 Bedrooms 21.15
3 Bedrooms 42.00
4 Bedrooms 17.53
5 or more bedrooms 2.93