HousingHandbookReference data

U.S. ZIP Code · VA23661

Hampton city · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$242,092[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.3%
5-year / yr
+5.5%
10-year / yr
+6.2%

Relative price

vs U.S.
-14.8%
vs metro
-31.3%
vs state
-26.3%
ZIP 23661 location in VA
Location of ZIP 23661 in VA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23661 is worth $242,092 — 31.3% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have fallen 3.3%. Homes here rent for a typical $1,523 a month — a 7.5% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,523[2]
Gross yield
7.5%[2]
Cap rate
4.5%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$2,190[3]

#Climate risk

FEMA National Risk Index ratings for Hampton city. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Relatively Moderate
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
14,005[3]
Median household income
$65,446[3]

#Migration

Household moves in and out of Hampton city over a year, from IRS tax-return data.

Net migration
-186[5]
Moved in
6,725
Moved out
6,911

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
3
Middle
1
High
0
  • Hunter B. Andrews

    Elementary · Grades PK–8 · Hampton City Public Schools

    1,125 students

  • C. Alton Lindsay Middle

    Middle · Grades 6–8 · Hampton City Public Schools

    674 students

  • A.W.E. Bassette Elementary

    Elementary · Grades PK–5 · Hampton City Public Schools

    499 students

  • Armstrong Elementary

    Elementary · Grades K–5 · Hampton City Public Schools

    278 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.5%
Net yield (after ~40% expenses)4.5%
Annual rent$18,273

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,224
Loan principal$193,674
Down payment$48,418
Total interest paid$247,020

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.06
Monthly cost to own$1,607
Monthly rent$1,523

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
46th percentile[1]
Rental yield
81st percentile[2]
Property tax
78th percentile[3]

Frequently asked

How much is a home worth in ZIP code 23661?
The typical home in 23661 is worth $242,092, based on the Zillow Home Value Index.
Are home values rising in 23661?
Home values in 23661 are down 3.3% over the past year, and up 5.5% a year over five years.
What is the typical rent in 23661?
A typical home in 23661 rents for about $1,523 a month, a gross rental yield of 7.5%.
What is the property tax rate in 23661?
The effective property tax rate in 23661 is 0.9% — roughly $2,190 a year on a typical home.
Who lives in 23661?
ZIP code 23661 has a population of 14,005 and a median household income of $65,446.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • NC

    Typical home
    $241,718
    Gross yield
  • NC

    Typical home
    $240,425
    Gross yield
  • Hampton, VA

    Typical home
    $237,862
    Gross yield
    8.6%
  • Portsmouth, VA

    Typical home
    $236,496
    Gross yield
    8.1%
  • Portsmouth, VA

    Typical home
    $252,538
    Gross yield
    7.0%
  • Newport News, VA

    Typical home
    $228,651
    Gross yield
    7.9%

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