Foreclosure Homes in Hampton, VA

Current Market Conditions in Hampton, VA

The real estate market in Hampton is currently witnessing growth, with increasing demand for single-family homes and townhouses. Investors are attracted to the area due to its affordability compared to neighboring cities, along with the steady appreciation of property values over the past few years.

A strong local economy, fueled by military presence and tourism, provides job opportunities and supports population growth. Major developments and community revitalization efforts indicate a positive trend for the future, making Hampton an appealing location for real estate investment.

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.