Real Estate Investing in Hampton, Virginia (23661)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23661 (Hampton, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
What’s happening in Hampton, VA (23661)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23661 Hampton
The 23661 ZIP covers a section of Hampton that demands careful diligence. Prices near $247K look accessible, but the work to make a deal cash flow is real.
The investment case in 23661 is solid only for operators who understand what they are buying. A $247K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within VA, ZIP 23661 trails on several market indicators that neighboring Hampton City submarkets outperform. The gap is real and impressive enough to shape underwriting.
In practical terms, 14,141 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 23661 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hampton:
Property Strategy for 23661
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $175,930 | $1,480 | 6.1% | +8.1% | $87,965 |
| 3BR | $233,838 | $2,050 | 6.3% | +7.4% | $77,946 |
| 4BR | $308,315 | $2,420 | 5.7% | +6.6% | $77,079 |
| 5BR | $365,029 | — | — | +6.1% | $73,006 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23661 Compare?
| Metric | 23661 | Hampton | Virginia |
|---|---|---|---|
| Home Value | $246,785 | $154,228 | $403,170 |
| 5-Year CAGR | 5.5% | 5.5% | 6.4% |
| Avg Rent | $1,694 | $1,754 | - |
| Cap Rate | 5.4% | 5.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23661 (Hampton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,785 |
| Monthly Rent | $1,694 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.4% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +13.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23661
Population: 14,141
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23661
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Huntington Middle
Newsome Park Elementary
Crittenden Middle
Achievable Dream Academy
Achievable Dream Middle/High
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,465 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Hampton, VA real estate?
Most investors in Hampton, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Where do home prices stand in Hampton, VA?
In Hampton, VA the median home value sits at $247K. Against the broader VA market, that reads as reasonable for most investors.
Is Hampton, VA a smart market for rental property?
Our data puts Hampton, VA at 3.0/5 for investability. Home prices of $247K and rents around $1,694/mo create a solid backdrop for investor activity.
How deep is the rental pool in Hampton, VA?
Tenant quality in Hampton, VA ranks as solid. Landlords generally report predictable occupancy at market rents of $1,694/mo.
What is the rental occupancy rate in Hampton, VA?
Vacancy risk in Hampton, VA is elevated. That supports stable cash flow for typical rental holds.
You know 23661 now. You don’t know where it ranks.
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How 23661 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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