Real Estate Investing in Hampton, Virginia (23664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23664 (Hampton, VA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
What’s happening in Hampton, VA (23664)?
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Market Analysis: 23664 Hampton
The 23664 ZIP in Hampton, VA is a local-operator market. Outside capital chasing a $315K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 23664 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 23664 sits on the difficult end of the VA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 23664 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 23664 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hampton:
Property Strategy for 23664
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $238,571 | $1,580 | 4.8% | +7.9% | $119,286 |
| 3BR | $290,262 | $2,190 | 5.4% | +7.5% | $96,754 |
| 4BR | $396,634 | $2,580 | 4.7% | +7.0% | $99,158 |
| 5BR | $509,144 | — | — | +6.7% | $101,829 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23664 Compare?
| Metric | 23664 | Hampton | Virginia |
|---|---|---|---|
| Home Value | $315,252 | $154,228 | $403,170 |
| 5-Year CAGR | 4.1% | 5.5% | 6.4% |
| Avg Rent | $1,812 | $1,754 | - |
| Cap Rate | 4.5% | 5.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23664 (Hampton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $315,252 |
| Monthly Rent | $1,812 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 23664
Population: 10,175
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 23664
Schools in This ZIP Code
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 1,158 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Hampton, VA?
Rents in Hampton, VA run near $1,812/mo. Compared with median home prices of $315K that produces solid gross yields for typical rentals.
Are there empty rentals in Hampton, VA?
Hampton, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Which real estate strategy fits Hampton, VA?
The best-fit strategy in Hampton, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How do home values compare in Hampton, VA?
In Hampton, VA the median home value sits at $315K. Against the broader VA market, that reads as reasonable for most investors.
How deep is the rental pool in Hampton, VA?
The tenant pool in Hampton, VA is solid, supported by local employment and population fundamentals. Rents of $1,812/mo are well-absorbed by the market.
You know 23664 now. You don’t know where it ranks.
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