Foreclosure Homes in Hampton, VA 23651

Buyer vs Seller Market in Hampton, VA

Hampton's real estate market has remained stable over the past few years, with demand continuing to increase. The blend of affordable housing options and desirable locations has attracted many homebuyers. Recent developments and renovations in various neighborhoods are contributing to an overall uplift in property values, suggesting a strong investment potential for those looking to purchase in the area.

Currently, the market in Hampton is experiencing a trend toward increased inventory, giving buyers more options and driving competitive pricing, especially in high-demand neighborhoods. The growing interest in the area is fueled by its amenities, historical significance, and relatively low cost of living compared to neighboring cities.

Rent Prices In Hampton, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hampton, VA, is on a rollercoaster ride. The average rent price in Hampton, VA, is $1,443.00. Indeed, when looking to rent in Hampton, VA, you can expect to pay as little as $610.00 or as much as $4,680.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Hampton, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.