LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,656
Monthly Cash Flow
$24
Principal + Equity
$1,449
Annual Total Gain
$17,671
Cash on Cash
0.43%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#77out of 229 markets
Best Cities to Retire in America
#104out of 229 markets
Cities with the Lowest Cost of Living in America
#83out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hampton, VA.
In Hampton, VA, Short Term Rental (STR) regulations are governed by the city's Zoning Ordinance. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: The city of Hampton has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permitting Requirements: In order to operate a STR in Hampton, property owners must obtain a Short Term Rental Permit from the city. This permit is subject to certain conditions and requirements, including safety inspections and compliance with building and fire codes.
3. Occupancy Limits: The city of Hampton imposes occupancy limits on STRs to prevent overcrowding and ensure the safety of guests. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Hampton has regulations in place to address noise and nuisance issues related to STRs. Investors should familiarize themselves with these regulations and take steps to ensure that their property does not cause disturbances to neighbors.
5. Taxation: Property owners who operate STRs in Hampton are required to collect and remit lodging taxes to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
6. Insurance Requirements: Investors should also consider obtaining appropriate insurance coverage for their STR property, including liability insurance to protect against potential accidents or damages.
Overall, investors considering purchasing a property for Short Term Rental purposes in Hampton, VA should thoroughly research and understand the local regulations and requirements to ensure compliance and successful operation of their rental property.
Market Trends Over Time
Explore 25 years of market data for Hampton, VA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Hampton, VA.
The LTR Genie Score of Hampton, VA is 68, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score is 76, showing a high level of rentability for short-term rental properties or Airbnb in the market. The LTR Rent Growth Rate of 0.0529% suggests a slow but steady increase in rental prices, while the 1-Year Price Appreciation Forecast of 1.8% indicates a modest growth in property values. The LTR Net ROI of 26.45% and STR Net ROI of 38.78% demonstrate favorable returns on investment for both long-term and short-term rental properties.
Hampton, VA is a city with a diverse economy driven by industries such as aerospace, military, and healthcare. It is home to several military installations and NASA's Langley Research Center, providing a stable job market for residents. The city also offers a mix of historic charm and modern amenities, making it an attractive location for both tourists and long-term residents.
Based on the metrics provided, Hampton, VA appears to be a promising market for real estate investors interested in both long-term and short-term rental properties. The high STR Genie Score suggests that short-term rentals could be particularly lucrative in this market, while the moderate LTR Genie Score indicates potential for steady rental income from long-term tenants. Investors may consider diversifying their portfolio by investing in both types of properties to maximize their returns in Hampton, VA.
LTR Genie Score 93
$150,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,000 sqft.🏠 SINGLE FAMILY
