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Hampton city, VA

RANK #707 / 996  ·  POP 137,217  ·  VA

PROJECTED GROWTH: -0.0%

Hampton city ranks in the bottom tier of U.S. counties on economic momentum.

[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] Signal Profile

[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

Market Activity

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

[05] 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.

[06] 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.

[07] Frequently Asked Questions

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

Hampton city has a Boom Town Index score of 29/100, ranking #707 among 996 U.S. counties. With job growth at +1.5% and a median household income of $64,430, it faces some economic headwinds compared to faster-growing counties.

Is Hampton city affordable?

The median home value in Hampton city is $219,800 with median rent at $1,255/month. The income-to-home-value ratio is 0.2931, which is more affordable than the national average.

Is Hampton city growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: +1.5%. Home values changed -0.6% in the past 12 months.

Are people moving to Hampton city?

Yes — 5.47% of Hampton city's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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