Real Estate Investing in Hampton, Virginia (23666)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23666 (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.
No major risk flags on the data we track.
What’s happening in Hampton, VA (23666)?
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Market Analysis: 23666 Hampton
Not every below-median market is a bargain. Hampton's 23666 ZIP registers signals that favor experienced operators who can absorb the risk $297K pricing implies.
The investment case in 23666 is sturdy only for operators who understand what they are buying. A $297K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Looking more closely, 23666 offers a low basis, the region around Hampton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 23666 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Hampton's stable or hybrid ZIPs before stepping into 23666. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hampton:
Property Strategy for 23666
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $117,628 | $1,650 | 10.1% | +17.6% | $117,628 |
| 2BR | $206,282 | $1,870 | 6.5% | +9.2% | $103,141 |
| 3BR | $272,366 | $2,590 | 6.8% | +7.3% | $90,789 |
| 4BR | $368,347 | $3,050 | 6.0% | +6.5% | $92,087 |
| 5BR | $439,577 | — | — | +6.9% | $87,915 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23666 Compare?
| Metric | 23666 | Hampton | Virginia |
|---|---|---|---|
| Home Value | $296,989 | $154,228 | $403,170 |
| 5-Year CAGR | 5.6% | 5.5% | 6.4% |
| Avg Rent | $1,675 | $1,754 | - |
| Cap Rate | 4.4% | 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 23666 (Hampton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,989 |
| Monthly Rent | $1,675 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 23666
Population: 53,226
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 23666
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
What monthly rent should investors expect in Hampton, VA?
Average rent in Hampton, VA is approximately $1,675/mo per month. Against $297K home values that yields a reasonable rent-to-price ratio.
Can owner-occupants cash flow in Hampton, VA?
Hampton, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $297K price point reasonable to enter.
Is Hampton, VA a good place for real estate investing?
Hampton, VA sits at an investability rating of 3.0/5, with median home values near $297K and average rents around $1,675/mo. That combination puts it in the resilient tier for investor interest.
What is the smart move for investors in Hampton, VA?
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.
What is the typical vacancy rate in Hampton, VA?
Occupancy in Hampton, VA runs even-keeled with elevated vacancy. Well-priced units at $1,675/mo lease on reasonable timelines.
You know 23666 now. You don’t know where it ranks.
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How 23666 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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