23664, Hampton, VA

Hampton, VA is located in the Eastern Shore region of Virginia. The 23664 zip code covers a total area of 8.5 square miles and has a population of just over 33,000 people. The median household income in the zip code is just over $60,000, which is significantly higher than the national median household income of $53,046.

As you would expect given its high median income and relatively small population size, the housing market in the 23664 zip code is very competitive. In fact, according to Zillow’s 2018 Home Value Index report, Hampton ranks as one of the most expensive zip codes in Virginia (and one of the most expensive in all of America). As a result, home equity and home prices are both very high in this area.

According to Zillow’s latest data (for February 2019), the average home value in Hampton is $1,890,000. This represents an increase of 7% from February 2018 and marks yet another record high for this particular zip code. In fact, if you exclude homes that are worth more than $5 million (which represent just 0.2% of all homes in Hampton), then the average home value actually exceeds $2 million!

Given these extremely high values and intense competition for property ownership, it should come as no surprise that homeownership rates in Hampton are among the highest in Virginia (and indeed across America). According to Zillow’s 2018 Home Value Index report (which measures homeownership rates based on data from Realtor® associations across America), 69% of households living in Hampton own their homes outright – which ranks as one of the highest rates recorded anywhere within Virginia or nationwide!