26 / 100

Hampton city, VA

RANK #730 / 996 NAT  ·  #22 / 37 VA  ·  POP 137,217

1YR FORECAST: +0.8%

5YR OUTLOOK: +18%

Our model projects Hampton city's housing market at +0.8% over the next year, underperforming most U.S. counties.

[01] Why Hampton city?

Hampton, Virginia, holds the distinction of being the oldest continuously inhabited English-speaking settlement in North America, established in 1610. Situated on the Chesapeake Bay at the mouth of Hampton Roads, it is linked to Norfolk by the Hampton Roads Bridge-Tunnel. The city offers a blend of historic charm and natural beauty, with attractions like Fort Monroe and the Virginia Air and Space Center. Commuting within the Hampton Roads metropolitan area is primarily by car, though regional bus services and ferries connect Hampton to surrounding cities. Outdoor enthusiasts can enjoy Buckroe Beach, Sandy Bottom Nature Park, and the Waterwalk trail, providing opportunities for hiking, biking, fishing, and water sports.

Life in Hampton is characterized by its connection to history and the water. The Hampton City Schools district serves nearly 20,000 students across 29 schools. The local economy is influenced by defense, energy, aerospace, and logistics, with recent investments in defense manufacturing and power systems. While the region has seen economic growth, challenges such as a housing shortage and the impact of federal policy changes are noted. Residents have access to various higher education institutions within the broader Hampton Roads area.

[02] Market Snapshot

Housing Ratio
4.2x

Below national median (4.7x)

GDP Growth
+4.6%

Well above national median

Home Prices
-0.6%

Prices declining

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 4.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Walmart Retail
    10,000+
  2. 2
    McDonald's Hospitality
  3. 3
    Eaton Manufacturing
  4. 4
    Ecolab Other
    5,000+
  5. 5
    Unilever Manufacturing
  6. 6
    Hewlett Packard Enterprise Technology
  7. 7
    Sears Home Services Other
  8. 8
    Children's Hospital of The King's Daughters Healthcare
    1,000+
  9. 9
    Thomas Nelson Community College Education
  10. 10
    FedEx Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hampton city U.S. National

The Numbers

DEMOGRAPHICS
Population
137,217
+0.34% YoY
Median Household Income
$64,430
Median Home Value
$219,800
-0.58% 12mo
Median Rent
$1,255
Average Annual Pay
$63,365
+6.1% YoY
Employment
50,137
+1.5% YoY
Income-to-Home-Value
0.2931
More affordable than average
Migration Inflow
5.47%
of pop. from another state
Bachelor's Degree+
27.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Building Permits (2024)
68
Single-Family Permits
68

[05] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
14.5
per 100K · nat avg 6.3
Firearm Fatalities
21.5
per 100K · nat avg 14.8
Injury Deaths
90.6
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$259M
TOTAL
PROJECT AMOUNT STATUS
Downtown Hampton Master Plan Implementation (Mixed-Use/Residential)
City of Hampton & Private Developers
$100M Planned
Amazon Same-Day Delivery Facility
Amazon
$50M Completed
Infill Housing Plan
City of Hampton & Private Developers
$50M Planned
Renewable Natural Gas Project (Atlantic Treatment Plant)
Virginia Natural Gas (VNG) & Hampton Roads Sanitation District (HRSD)
$30M Proposed
Hampton VA 2 Battery Project
Unknown
$29M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +4.6% 79 percentile
Population Growth +0.3% 44 percentile
Income Growth +8.5% 50 percentile
Vacancy Rate 1.9% 10 percentile
Home Price Change -0.6% 24 percentile
Rent Growth +3.6% 62 percentile
Price/Rent 12x 74 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Hampton city, VA a good place to move to?

At 26/100, Hampton city faces headwinds that place it in the lower third of the 996 counties we track. Median income of $64,430 combined with job growth of +1.5% suggests the local economy is struggling to keep pace with national trends.

Is Hampton city affordable?

Housing in Hampton city is roughly in line with national affordability norms. The median home costs $219,800 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,255/month. Not a bargain, but not a stretch for most local earners either.

Is Hampton city growing or shrinking?

Employers in Hampton city are hiring — job growth of +1.5% — but the population is close to flat (+0.3% YoY). Home values moved -0.6% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Hampton city?

In significant numbers — 5.47% of Hampton city's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Roanoke city, VA 24 Fauquier County, VA 24 Norfolk city, VA 30 Roanoke County, VA 19 York County, VA 17 Suffolk city, VA 17 Dorchester County, SC 26 Guadalupe County, TX 26