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Hampton city Housing Market

Virginia · 133 counties · Ranked #2242 in home value

Below National Avg

Housing at a Glance

Median Home Value

$234,100

vs national$234,100 vs $281,900 national

Median Gross Rent

$1,346/mo

vs national+$1,346 vs $1,163 national

Effective Tax Rate

0.96%

vs national0.96% vs 1.02% national

Median Household Income

$67,758

vs national$67,758 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,259

Tax as % of Home Value

0.96%

Monthly Owner Cost

$1,350

Renter Income

$48,668

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Frequently Asked Questions

What is the median home value in Hampton city?

The median home value in Hampton city is $234,100. This is below the national median of $281,900.

How much is rent in Hampton city?

The median gross rent in Hampton city is $1,346 per month.

What is the property tax rate in Hampton city?

The effective property tax rate in Hampton city is 0.96%. The median annual property tax bill is $2,259.

Is Hampton city affordable?

With a home-value-to-income ratio of 3.5x, Hampton city is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.