Foreclosure Homes in Hampton, VA

Current Market Conditions in Hampton, VA

The current real estate market in Hampton, VA is showing positive trends, with an increasing demand for homes due to its appealing lifestyle and amenities. The area has been experiencing a steady rise in property values, as a combination of historic charm and modern conveniences draws new residents. Homes are selling at a higher pace, indicating a healthy market.

Recent data indicates that the market is becoming increasingly competitive, with faster sales, often resulting in multiple offers on desirable listings. Buyers need to be prepared to act quickly or be flexible with their offers to secure a home. The influx of new residents and a limited inventory are key factors contributing to rising prices in the area.

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.