Counties / Virginia / Hampton city

Hampton city, VA

FIPS 51650 · population 137,557 · part of Virginia Beach, VA

$283k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$283k
▲ 0.7% year over year
Zillow ZHVI · direct
Median asking rent
$1,692
▲ 5.1% year over year
Zillow ZORI · direct
Gross yield
7.2%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,713
market rent is 0.99x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+55.9%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.7%FHFA HPI2025+5.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$246k
Surveyed gross rent$1,427
Rent burden 30%+57.3%
Median year built1974
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.2%vacant
62,588estimated housing units
Occupied tenure43.1% renter
owner 56.9%renter 43.1%
Structure mix70.9% single-family
Single-family 70.9%20+ units 6.8%Mobile home 1.2%Other 21.1%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs50,806▲ 1.3% from the prior annual release
Covered establishments3,146annual average reporting locations
Average weekly wage$1,260▲ 3.4% from the prior annual release
Largest private supersectorTrade, transportation, and utilities23.8% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.3%WEEKLY WAGE+3.4%Trade, transportation, and utilities23.8%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Hampton city presents an income-versus-exit tension. At Zillow’s June 2026 county observation, the median home value was $283,477 and median asking rent was $1,692 per month, producing the supplied 7.16% gross yield before costs. Income-oriented buyers have reason to test leaseability and property expenses; buyers relying on resale or low carrying costs warrant caution because this gross screen does not establish net return.

02Housing economics

Market rent is distinct from HUD Fair Market Rent: the HUD two-bedroom FMR is $1,713 per month, a payment standard rather than an asking-rent estimate. Zillow asking rent is 98.8% of that standard, but FMR cannot replace market rent in yield work. The effective property-tax rate is 0.95%, with reported median annual tax of $2,327; neither figure supplies insurance or maintenance cost. Separately, FHFA’s 2025 repeat-transaction HPI rose 5.58% annually. Its direction agrees with Zillow’s positive value movement, but the methods and vintages differ and cannot be combined into one appreciation rate.

03Demand & competition

Demand and competition evidence is mixed rather than conclusive. Realtor.com’s MLS listing-market evidence reports 381 active listings, with inventory higher than a year earlier; median marketing time was 35 days and 21.8% of listings carried price reductions. These are visible supply, marketing-time and seller-concession measures, not closed-sale prices or proof of buyer demand. Annual QCEW workplace data show covered employment and covered-worker wages increased; Trade, transportation, and utilities is the largest disclosed private supersector, not the full county economy. Tax-return households were net outbound, and inbound mover average AGI was lower than outbound. Investors represented 7.94% of 1,890 purchases, a minority of recorded buying.

04Risk & next checks

The dominant reported hazard is inland flood, and the modeled climate-loss ratio is 0.09% of building value per year; it is a county-level expected-loss measure, not a parcel loss estimate. The record does not publish vacancy, operating expenses, insurance premiums, property condition, closed-sale comparables, or building-level flood exposure. Those gaps prevent a net-yield conclusion, validation of an exit price, and a site-specific resilience assessment. Next checks are lease and expense histories, tax bills, insurance quotes, flood-zone and elevation records, and closed-sale comparables.

Cities & communities

Where people live within Hampton city

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Hampton city137.6K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

1 Census places

Population
  1. 01
    Hampton cityIncorporated place
    137,557

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.087% of building value expected lost per year

Effective property tax0.95%

$2,327 median annual bill

02
DemandIRS SOI household flows
Net migration-229

6,585 in · 6,814 out

Arriving vs leaving income−$3,102

$45,006 arriving · $48,108 leaving

03
CompetitionHMDA financed purchases
Purchases by investors7.9%

150 of 1,890 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings381▲ 13.7% year over year
Median days on market35▼ 12.5% year over year
Listings price-reduced21.8%seller-concession signal
Median listing pricen/a▲ 4.1% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Virginia Beach, VA

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Hampton city137,557$283k$1,6927.2%inland flooding
Virginia Beach city456,349$433k$2,0655.7%hurricane
Chesapeake city252,583$430k$2,0435.7%inland flooding
Norfolk city233,596$316k$1,7536.7%inland flooding
Newport News city184,216$297k$1,5876.4%inland flooding
Suffolk city98,796$393k$1,9886.1%inland flooding
Portsmouth city97,190$270k$1,6177.2%inland flooding
James City County81,013$489k$2,1485.3%inland flooding
York County71,005$470k$2,0955.3%inland flooding
Bear case

What can break the county thesis

  1. Unpublished building-level flood exposure, insurance pricing, and mitigation needs could materially change carrying costs.
  2. Net outbound migration and lower incoming mover income may not support demand evenly across county submarkets.
  3. Rising visible inventory and listing price reductions could lead to weaker realized exits than asking-market figures imply.
Underwriting questions

Before pricing a property

Can the supplied gross yield be treated as net cash yield?

No. It is gross market-rent yield before property tax, insurance, maintenance, vacancy, and other operating costs.

Does the HUD FMR establish the county’s asking rent?

No. It is a HUD two-bedroom payment standard, not a market asking-rent estimate.

Can Realtor.com listing evidence validate an exit price?

No. The record provides MLS listing-market measures, while closed-sale comparables are not published.