Median Home PriceBETTER
$269,351.18
Median RentBETTER
$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
$301,780.44
Median Rent
$1,631.91/mo
Price-to-Rent Ratio
15.4
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+0.3%
Price Change (5Y)BETTER
+1.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$156,201
Key Differences
Home Prices
Hampton's median home price of $269,351.18 is lower than Norfolk's $301,780.44 by 11%.
Monthly Rent
Renting in Hampton costs $1,614.33/mo compared to $1,631.91/mo in Norfolk—a difference of $17.58/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.