Hampton, VA is a great place to purchase a home due to its overall affordable housing median value. According to the data, the housing median value in Hampton is $244,500 which is significantly lower than the US House Median Value of $338,100. This difference creates opportunities for first-time homebuyers or those looking to upgrade their current home at an affordable price. Additionally, Hampton has experienced a 12.39% appreciation rate over the past year which is higher than the US 1 year House Appreciation rate of 8.27%. This indicates that there will be potential for further appreciation in Hampton's housing market in the future. All these factors make purchasing a home in Hampton an attractive prospect and could offer good long-term returns on investments made into properties here.
The median home cost in Hampton is $244,500. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Hampton is up 16.3%.
Average Age of Homes
- The median age of Hampton real estate is 44 years old
The Rental Market in Hampton
- Renters make up 36.2% of the Hampton population
- 2.9% of houses and apartments in Hampton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.