Hampton vs Richmond
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Hampton has an edge
Hampton currently favors renting, with better rent-to-price dynamics.
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
$355,756.62
Median RentBETTER
$1,578.37/mo
Price-to-Rent Ratio
18.8
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+0.2%
Price Change (5Y)BETTER
+0.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$246,961
Key Differences
Home Prices
Hampton's median home price of $269,351.18 is lower than Richmond's $355,756.62 by 24%.
Monthly Rent
Renting in Hampton costs $1,614.33/mo compared to $1,578.37/mo in Richmond—a difference of $35.96/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.