Hampton City, VA County has seen a significant increase in housing median value over the past year. The median value of homes in the city is currently $240,900, which is significantly lower than the U.S. house median value of $338,100. Despite this difference, the Hampton City housing market has experienced an impressive 1-year appreciation rate of 19.13%, far exceeding the 8.27% national appreciation rate over the same period. This indicates that Hampton City's housing market is growing at a rapid pace and could be an attractive option for those looking to invest in real estate or buy a home in Virginia.
The median home cost in Hampton City County is $240,900. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Hampton City County is up 16.3%.
Average Age of Homes
- The median age of Hampton City County real estate is 44 years old
The Rental Market in Hampton City County
- Renters make up 36.2% of the Hampton City County population
- 2.9% of houses and apartments in Hampton City County, 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.