Median Home PriceBETTER
$269,351.18
Median Rent
$1,614.33/mo
Price-to-Rent RatioBETTER
13.9
Property Tax RateTIE
0.82%
Price Change (1Y)
-0.9%
Price Change (5Y)
-4.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$73,149
Median Home Price
$284,020.02
Median RentBETTER
$1,556.55/mo
Price-to-Rent Ratio
15.2
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+1.2%
Price Change (5Y)BETTER
+6.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$122,470
Key Differences
Home Prices
Hampton's median home price of $269,351.18 is lower than Newport News's $284,020.02 by 5%.
Monthly Rent
Renting in Hampton costs $1,614.33/mo compared to $1,556.55/mo in Newport News—a difference of $57.78/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.