Home Values in Hampton, Virginia — 2026 Market Report
Updated March 2026 | Balanced Market | +4.5% YoY
The median home value in Hampton, Virginia is $215,000 as of March 2026, which is below the national median of $400,000. Home values in Hampton have increased by 4.5% over the past year and 24.6% over the last five years. With a population of 137,148 and a median household income of $48,250, the price-to-income ratio stands at 4.5x, making Hampton affordable for the average household.
Hampton Housing Market Conditions
| Metric | Hampton | National Avg |
|---|---|---|
| Median Home Value | $215,000 | $400,000 |
| YoY Appreciation | +4.5% | +3.8% |
| 5-Year Appreciation | +24.6% | +22.4% |
| Price per Sq Ft | $96 | $222 |
| Days on Market | 53 days | 45 days |
| Months of Supply | 3.3 | 3.5 |
| List-to-Sale Ratio | 97.7% | 98.5% |
| Monthly Homes Sold | 126 | — |
| Foreclosure Rate | 0.41% | 0.3% |
Home Value Trends in Hampton
A homeowner who purchased at the median price of $172,552 five years ago in Hampton would have gained approximately $42,448 in equity, representing a 24.6% return on investment. Over the past year alone, the typical homeowner gained $9,258 in home equity.
Affordability in Hampton, VA
With a median household income of $48,250 and a median home price of $215,000, the price-to-income ratio in Hampton is 4.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,613 compared to estimated monthly ownership costs of $1,165 gives a rent-vs-buy ratio of 0.72. In Hampton, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Hampton
The effective property tax rate in Virginia is 0.8%. On a home valued at $215,000, the estimated annual property tax bill is $1,720, or approximately $143/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Hampton is 90.5 (100 = national average), indicating living costs are below the national average.
Calculate Your Mortgage Payment in Hampton
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Hampton, VA?
The median home value in Hampton, Virginia is $215,000 as of March 2026. Home values have changed +4.5% over the past year, with a 5-year appreciation of 24.6%.
Is Hampton a buyer's or seller's market?
Hampton is currently a balanced market with 3.3 months of housing supply. Homes spend an average of 53 days on market, and the list-to-sale price ratio is 97.7%. Supply and demand are relatively balanced.
Are home values going up in Hampton?
Yes, home values in Hampton have increased by 4.5% over the past year. The 5-year appreciation rate is 24.6%, meaning a home worth $172,552 five years ago is now worth $215,000.
Is it better to rent or buy in Hampton?
The average monthly rent in Hampton is $1,613, while estimated monthly homeownership costs are approximately $1,165. The price-to-rent ratio is 11.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Hampton, Virginia is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.