Real Estate Investing in Hampton, Virginia (23669)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23669 (Hampton, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Hampton, VA (23669)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23669 Hampton
ZIP 23669 inside Hampton City looks affordable on the surface — median value of $289K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $289K asset, 23669 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Hampton have seen price recovery that 23669 has not matched. Hampton City data supports the view that the spread is structural rather than temporary.
Resident income in 23669 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 23669 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 23669
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $138,511 | $1,390 | 7.2% | +12.4% | $138,511 |
| 2BR | $184,162 | $1,580 | 6.2% | +9.9% | $92,081 |
| 3BR | $263,233 | $2,190 | 6.0% | +7.6% | $87,744 |
| 4BR | $344,548 | $2,580 | 5.4% | +6.5% | $86,137 |
| 5BR | $422,183 | — | — | +6.3% | $84,437 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23669 Compare?
| Metric | 23669 | Hampton | Virginia |
|---|---|---|---|
| Home Value | $289,293 | $154,228 | $403,170 |
| 5-Year CAGR | 5.7% | 5.5% | 6.4% |
| Avg Rent | $1,901 | $1,754 | - |
| Cap Rate | 5.1% | 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 23669 (Hampton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,293 |
| Monthly Rent | $1,901 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 23669
Population: 39,730
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 23669
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 investment strategy works best in Hampton, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Hampton, VA. With home values at $289K and rents near $1,901/mo, other strategies can work but produce stable rather than outsized returns.
How strong is tenant demand in Hampton, VA?
The tenant pool in Hampton, VA is solid, supported by local employment and population fundamentals. Rents of $1,901/mo are well-absorbed by the market.
What do rentals go for in Hampton, VA?
Hampton, VA rentals go for roughly $1,901/mo a month. That puts gross yield in solid territory relative to $289K acquisition costs.
Does house hacking make sense in Hampton, VA?
For house hackers, Hampton, VA is a challenging. The $1,901/mo rent on a unit helps defray the mortgage on a $289K property.
Do landlords face vacancy issues in Hampton, VA?
Occupancy in Hampton, VA runs steady with elevated vacancy. Well-priced units at $1,901/mo lease on reasonable timelines.
You know 23669 now. You don’t know where it ranks.
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How 23669 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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