Rent to own Homes in Hampton, VA
On the southeastern end of the Virginia peninsula sits the city of Hampton. The population of Hampton is currently at 138,848, according to the 2012 US Census. Hampton was settled by colonists long ago in 1610, then incorporated as a town in 1705 and finally incorporated as a city in 1849. The 20th century has brought some of the country's most prestigious institutions to Hampton, such as the Virginia Air and Space Center, Langley Air Force Base and the NASA Langley Research Center. Not only does this wonderful city house some of the most dedicated companies and institutions in the country, but there are miles and miles of beaches and waterfront property to walk along and sunbathe on, depending on the time of year.
Hampton, VA is a great place for affordable rent-to-own homes! With a median household income of over $57,041 and a median rent of $1,115, the Hampton, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Hampton, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Hampton, VA Property Resources
Rent to own Homes in Cities Near Hampton, VA
Neighborhoods in Hampton, VA
Farmington rent to own homes Hampton Roads Center rent to own homes Colliseum Central rent to own homes Briarfield rent to own homes Wythe rent to own homes Pheobus rent to own homes Fort Monroe rent to own homes Buckroe Beach rent to own homes Willow Oaks rent to own homes Fox Hill - Grandview rent to own homesMedian Home Price in Hampton, VA
Median Rent in Hampton, VA
Top Reasons to Live in Hampton VA
Housing Statistics The median home sale price in the city of Hampton is $179,800. The median home value is a bit lower at $91,100 and the median price for rent is $603 per month. However, both are excellent when compared to the national averages if you are the buyer or renter. The housing market is recovering slowly in Hampton.
Local Sports In Hampton, Virginia, sports plays a major role in the development its up and coming citizens, professionals and superstars. Old Dominion, a team which has never played a team from the Football Bowl Subdivision, are on their way to playing five this year! Football, basketball and baseball are a few favorite local sports every type of fan can appreciate and enjoy for themselves. Beginning early with local sports played in school, Hampton knows how to foster in its youth a deep appreciation for all things sports. Education and sports are complimentary to one another, and it is evident by the enthusiasm the locals show at any and all sporting and educational events!
Hampton School System Hampton has an exceptional school system. Whether you prefer public or private, there are choices for all families who live within the city. There are 32 Hampton City public schools in all and another 25 in the Doe Sop Education Programs school district. There are also 2 New Horizons Career and Technology Center school districts within Hampton for those who chose a vocational / technology focus rather than a 4 year college. There are also numerous private institutions such as Bethel Christian School and Hampton Christian High school and many others. Parents and students need not worry about having enough choices of excellent schools in this beautiful city!
Hampton Neighborhoods Here are three Hampton neighborhoods you should know about: