Real Estate Investing in Hampton, Virginia (23663)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23663 (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 (23663)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23663 Hampton
ZIP 23663 in Hampton, VA carries a durable set of headwinds. Home values near $240K and rents of $1,690/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 23663 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 23663's metrics run below Hampton City's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A impressive renter share of 45% in 23663 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 23663 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Hampton:
Property Strategy for 23663
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,179 | $1,540 | 6.4% | +10.8% | $87,089 |
| 3BR | $227,867 | $2,140 | 6.8% | +8.2% | $75,956 |
| 4BR | $285,518 | $2,510 | 6.3% | +7.0% | $71,379 |
| 5BR | $347,609 | — | — | +6.7% | $69,522 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23663 Compare?
| Metric | 23663 | Hampton | Virginia |
|---|---|---|---|
| Home Value | $239,734 | $154,228 | $403,170 |
| 5-Year CAGR | 6.7% | 5.5% | 6.4% |
| Avg Rent | $1,690 | $1,754 | - |
| Cap Rate | 5.5% | 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 23663 (Hampton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,734 |
| Monthly Rent | $1,690 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | -2.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 23663
Population: 14,599
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 23663
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Albert W. Patrick III Elementary
Barron Elementary
Captain John Smith Elementary
Mary S. Peake Elementary
Phillips Elementary
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 is the median home value in Hampton, VA?
Expect median prices around $240K in Hampton, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What is the average monthly rent in Hampton, VA?
Expect rents around $1,690/mo per month in Hampton, VA. With home values at $240K, the yield math works out to reasonable levels for rental investors.
What is the rental occupancy rate in Hampton, VA?
Occupancy in Hampton, VA runs predictable with elevated vacancy. Well-priced units at $1,690/mo lease on reasonable timelines.
What is the best play in Hampton, VA?
For Hampton, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong is tenant demand in Hampton, VA?
Hampton, VA draws a stable base of working renters. Demand at the $1,690/mo rent level is reasonable for standard single-family and small multi rentals.
You know 23663 now. You don’t know where it ranks.
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How 23663 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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