Hampton, Virginia Short-Term Rental Market Overview
Visitor Profile
Hampton, Virginia, attracts approximately 1.5 million visitors annually, contributing over 300 million dollars to the local economy. Primary visitor demographics include families, military personnel and their families given proximity to military installations, and history enthusiasts, with notable representation in the 35 to 54 age range. Main reasons for visiting include exploring maritime history at Fort Monroe, experiencing aerospace exhibits at the Virginia Air & Space Science Center, enjoying Chesapeake Bay beaches, and visiting family stationed at nearby military bases. The city’s location in the Hampton Roads region provides access to broader Coastal Virginia attractions. Tourism supports thousands of jobs in hospitality, dining, and entertainment sectors, making it vital to Hampton’s economic health.
Visitor statistics show average stays of 2 to 3 nights, with peak seasons during summer months and around major holidays when families travel and military personnel receive visitors. Winter months from December to April also see significant visitation as travelers from northern states seek milder coastal weather. According to tourism resources, approximately 60% of visitors come from out of state, particularly from North Carolina, Maryland, and Pennsylvania. Families represent the largest visitor segment at around 60%, while solo travelers and couples account for 25%. Military-related visits comprise a significant portion, as Hampton hosts Langley Air Force Base and is near other major installations. For STR operators, understanding Hampton’s new density restrictions is critical, as only 1% of properties per zone can operate as STRs. Properties that secured permits before restrictions took effect may have competitive advantages. Marketing to military families seeking longer-term accommodations and families visiting aerospace attractions aligns with core demographics. The implementation of strict density caps in September 2024 fundamentally changed Hampton’s STR market, limiting supply and potentially increasing rates for permitted properties.
Hampton, Virginia, attracts approximately 1.5 million visitors annually, contributing over 300 million dollars to the local economy. Primary visitor demographics include families, military personnel and their families given proximity to military installations, and history enthusiasts, with notable representation in the 35 to 54 age range. Main reasons for visiting include exploring maritime history at Fort Monroe, experiencing aerospace exhibits at the Virginia Air & Space Science Center, enjoying Chesapeake Bay beaches, and visiting family stationed at nearby military bases. The city’s location in the Hampton Roads region provides access to broader Coastal Virginia attractions. Tourism supports thousands of jobs in hospitality, dining, and entertainment sectors, making it vital to Hampton’s economic health.
Visitor statistics show average stays of 2 to 3 nights, with peak seasons during summer months and around major holidays when families travel and military personnel receive visitors. Winter months from December to April also see significant visitation as travelers from northern states seek milder coastal weather. According to tourism resources, approximately 60% of visitors come from out of state, particularly from North Carolina, Maryland, and Pennsylvania. Families represent the largest visitor segment at around 60%, while solo travelers and couples account for 25%. Military-related visits comprise a significant portion, as Hampton hosts Langley Air Force Base and is near other major installations. For STR operators, understanding Hampton’s new density restrictions is critical, as only 1% of properties per zone can operate as STRs. Properties that secured permits before restrictions took effect may have competitive advantages. Marketing to military families seeking longer-term accommodations and families visiting aerospace attractions aligns with core demographics. The implementation of strict density caps in September 2024 fundamentally changed Hampton’s STR market, limiting supply and potentially increasing rates for permitted properties.
Top Attractions
Hampton, Virginia, offers visitors a rich blend of maritime history, aerospace heritage, and coastal beauty in the Hampton Roads region. The city’s waterfront location along the Chesapeake Bay provides stunning views and water-based recreation opportunities. Major attractions include the Virginia Air & Space Science Center, which features interactive exhibits on aviation and space exploration, and Fort Monroe National Monument, a historic fortification with scenic trails and significant Civil War history. The Hampton History Museum showcases the city’s 400-year history as one of America’s oldest continuous English-speaking settlements. With its combination of museums, beaches, parks, and cultural venues, Hampton attracts families, history enthusiasts, and beachgoers seeking diverse experiences.
The Virginia Air & Space Science Center serves as a premier attraction featuring hands-on exhibits, IMAX films, and artifacts related to NASA and aviation history, making it ideal for families and science enthusiasts. Fort Monroe National Monument offers visitors the opportunity to explore the historic fort, walk scenic waterfront trails, and learn about the site’s role as Freedom’s Fortress during the Civil War. The Hampton History Museum provides engaging exhibits about the city’s rich past from Native American settlements through modern times. Buckroe Beach and Park features a sandy beach, playground, and picnic areas perfect for family outings and swimming. The Hampton Carousel, a beautifully restored 1920s carousel, delights children and adults alike. For comprehensive visitor information, see the official Visit Hampton page. The Virginia Living Museum, located nearby, combines a zoo, botanical garden, and aquarium showcasing Virginia’s native wildlife and ecosystems. Annual events include the Hampton Jazz Festival and Hampton Bay Days. Hampton’s attractions combine education, history, and recreation, ensuring engaging experiences for all visitor types throughout the year.
Hampton, Virginia, offers visitors a rich blend of maritime history, aerospace heritage, and coastal beauty in the Hampton Roads region. The city’s waterfront location along the Chesapeake Bay provides stunning views and water-based recreation opportunities. Major attractions include the Virginia Air & Space Science Center, which features interactive exhibits on aviation and space exploration, and Fort Monroe National Monument, a historic fortification with scenic trails and significant Civil War history. The Hampton History Museum showcases the city’s 400-year history as one of America’s oldest continuous English-speaking settlements. With its combination of museums, beaches, parks, and cultural venues, Hampton attracts families, history enthusiasts, and beachgoers seeking diverse experiences.
The Virginia Air & Space Science Center serves as a premier attraction featuring hands-on exhibits, IMAX films, and artifacts related to NASA and aviation history, making it ideal for families and science enthusiasts. Fort Monroe National Monument offers visitors the opportunity to explore the historic fort, walk scenic waterfront trails, and learn about the site’s role as Freedom’s Fortress during the Civil War. The Hampton History Museum provides engaging exhibits about the city’s rich past from Native American settlements through modern times. Buckroe Beach and Park features a sandy beach, playground, and picnic areas perfect for family outings and swimming. The Hampton Carousel, a beautifully restored 1920s carousel, delights children and adults alike. For comprehensive visitor information, see the official Visit Hampton page. The Virginia Living Museum, located nearby, combines a zoo, botanical garden, and aquarium showcasing Virginia’s native wildlife and ecosystems. Annual events include the Hampton Jazz Festival and Hampton Bay Days. Hampton’s attractions combine education, history, and recreation, ensuring engaging experiences for all visitor types throughout the year.
Regulations
Hampton, Virginia, implemented new short-term rental regulations effective September 1, 2024, that significantly impact STR operations. The city now limits density to 1% of properties per zoning district, dividing Hampton into 51 separate zones. Property owners must obtain a short-term rental permit from the city, and all STRs require compliance with the new density restrictions. The city imposes a 1% short-term rental tax on gross proceeds from properties where at least 80% of annual rental receipts come from stays of 92 consecutive days or less. This tax must be remitted quarterly by the 20th of April, July, October, and January. Additionally, operators must collect and remit state transient occupancy tax. Zoning restrictions now strictly limit where and how many STRs can operate in each district.
To operate a short-term rental in Hampton, first verify whether your property can qualify under the new 1% density cap in your specific zoning district, as only a limited number of permits are available per zone. Apply for a short-term rental permit through the city, providing proof of property ownership, insurance, and compliance with safety standards. Register with the Virginia Department of Taxation to collect state transient occupancy tax. Collect the city’s 1% short-term rental tax from guests and remit it quarterly to Hampton. File returns by April 20 for Q1 ending March 31, July 20 for Q2 ending June 30, October 20 for Q3 ending September 30, and January 20 for Q4 ending December 31. Ensure properties meet safety requirements including smoke detectors, carbon monoxide detectors, and fire extinguishers. Violations can result in fines, permit revocation, or legal action. For detailed information on the new regulations, visit the Hampton STR page (https://www.hampton.gov/strs) and the short-term rental tax page (https://www.hampton.gov/1085/Short-Term-Rental-Tax). Understanding Hampton’s strict new density limitations is crucial before investing in STR properties.
Hampton, Virginia, implemented new short-term rental regulations effective September 1, 2024, that significantly impact STR operations. The city now limits density to 1% of properties per zoning district, dividing Hampton into 51 separate zones. Property owners must obtain a short-term rental permit from the city, and all STRs require compliance with the new density restrictions. The city imposes a 1% short-term rental tax on gross proceeds from properties where at least 80% of annual rental receipts come from stays of 92 consecutive days or less. This tax must be remitted quarterly by the 20th of April, July, October, and January. Additionally, operators must collect and remit state transient occupancy tax. Zoning restrictions now strictly limit where and how many STRs can operate in each district.
To operate a short-term rental in Hampton, first verify whether your property can qualify under the new 1% density cap in your specific zoning district, as only a limited number of permits are available per zone. Apply for a short-term rental permit through the city, providing proof of property ownership, insurance, and compliance with safety standards. Register with the Virginia Department of Taxation to collect state transient occupancy tax. Collect the city’s 1% short-term rental tax from guests and remit it quarterly to Hampton. File returns by April 20 for Q1 ending March 31, July 20 for Q2 ending June 30, October 20 for Q3 ending September 30, and January 20 for Q4 ending December 31. Ensure properties meet safety requirements including smoke detectors, carbon monoxide detectors, and fire extinguishers. Violations can result in fines, permit revocation, or legal action. For detailed information on the new regulations, visit the Hampton STR page (https://www.hampton.gov/strs) and the short-term rental tax page (https://www.hampton.gov/1085/Short-Term-Rental-Tax). Understanding Hampton’s strict new density limitations is crucial before investing in STR properties.
Frequently Asked Questions
What are the short-term rental regulations in Hampton, Virginia?
Do I need a permit to operate a short-term rental in Hampton, Virginia?
Are there occupancy taxes for vacation rentals in Hampton, Virginia?
Vacation Rental Market Overview for Hampton
Hampton attracts visitors with its outdoor recreation and natural beauty and family-friendly attractions. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Hampton, Virginia Market Performance Trends
| Month | Average Daily Rate (USD) | Occupancy Rate (%) | Average Monthly Revenue (USD) |
|---|---|---|---|
| Jul 24 | $232.00 | 83.3% | $4,597 |
| Aug 24 | $227.68 | 66.7% | $3,888 |
| Sep 24 | $225.50 | 48.3% | $2,474 |
| Oct 24 | $224.41 | 41.9% | $2,002 |
| Nov 24 | $203.49 | 43.3% | $1,922 |
| Dec 24 | $192.80 | 41.9% | $1,785 |
| Jan 25 | $174.69 | 39% | $1,705 |
| Feb 25 | $184.50 | 39.3% | $1,657 |
| Mar 25 | $212.38 | 50% | $2,188 |
| Apr 25 | $216.50 | 57.1% | $2,682 |
| May 25 | $231.71 | 61% | $3,061 |
| Jun 25 | $229.25 | 80% | $4,117 |
Short-Term Rental Market Performance Analysis for Hampton
The short-term rental market in Hampton demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: mature market with optimized pricing patterns
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Hampton, Virginia Housing Market Data
Home Value Trends
| Quarter | Typical Home Value (USD) |
|---|---|
| Q2 17 | $160,643 |
| Q3 17 | $162,060 |
| Q3 17 | $161,605 |
| Q4 17 | $163,429 |
| Q4 17 | $162,765 |
| Q1 18 | $164,127 |
| Q1 18 | $163,460 |
| Q2 18 | $165,643 |
| Q2 18 | $164,970 |
| Q3 18 | $168,121 |
| Q3 18 | $167,437 |
| Q4 18 | $170,203 |
| Q4 18 | $169,511 |
| Q1 19 | $171,594 |
| Q1 19 | $170,896 |
| Q2 19 | $172,719 |
| Q2 19 | $172,017 |
| Q3 19 | $173,877 |
| Q3 19 | $173,170 |
| Q4 19 | $175,515 |
| Q4 19 | $174,802 |
| Q1 20 | $180,632 |
| Q1 20 | $179,898 |
| Q2 20 | $183,161 |
| Q2 20 | $182,417 |
| Q3 20 | $188,226 |
| Q3 20 | $187,461 |
| Q4 20 | $195,907 |
| Q4 20 | $195,111 |
| Q1 21 | $203,841 |
| Q1 21 | $203,012 |
| Q2 21 | $212,729 |
| Q2 21 | $211,864 |
| Q3 21 | $216,172 |
| Q3 21 | $215,293 |
| Q4 21 | $219,929 |
| Q4 21 | $219,035 |
| Q1 22 | $230,120 |
| Q1 22 | $229,184 |
| Q2 22 | $239,388 |
| Q2 22 | $238,414 |
| Q3 22 | $242,177 |
| Q3 22 | $241,192 |
| Q4 22 | $244,681 |
| Q4 22 | $243,686 |
| Q1 23 | $246,854 |
| Q1 23 | $245,850 |
| Q2 23 | $252,670 |
| Q2 23 | $251,642 |
| Q3 23 | $258,242 |
| Q3 23 | $257,192 |
| Q4 23 | $261,805 |
| Q4 23 | $260,740 |
| Q1 24 | $266,951 |
| Q1 24 | $265,866 |
| Q2 24 | $271,033 |
| Q2 24 | $269,931 |
| Q3 24 | $272,722 |
| Q3 24 | $271,613 |
| Q4 24 | $274,535 |
| Q4 24 | $273,419 |
| Q1 25 | $275,156 |
| Q1 25 | $274,037 |
| Q2 25 | $271,865 |
| Q2 25 | $270,759 |
| Q3 25 | $270,635 |
| Q3 25 | $269,535 |
| Q4 25 | $273,128 |
| Q4 25 | $272,018 |
Market Overview
- Typical Home Value:$272,160
- Median Sale Price:$253,833
- Median List Price:$287,400
Current Inventory
- Homes For Sale:501
- New Listings:132
Detailed Market Analysis
Real Estate Market Analysis for Hampton, Virginia
The residential real estate market in Hampton, Virginia presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: proximity to major employment centers, quality school districts, and developing infrastructure These factors contribute to the overall market performance and future growth potential.
Real estate investments in Hampton, Virginia benefit from balanced supply-demand dynamics and reasonable price points. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Hampton, Virginia Rental Market Insights
10-Year Market Growth
| Quarter | Number of Listings |
|---|---|
| Q3 16 | 83 |
| Q4 16 | 81 |
| Q1 17 | 90 |
| Q2 17 | 126 |
| Q3 17 | 129 |
| Q4 17 | 126 |
| Q1 18 | 120 |
| Q2 18 | 140 |
| Q3 18 | 169 |
| Q4 18 | 183 |
| Q1 19 | 179 |
| Q2 19 | 203 |
| Q3 19 | 221 |
| Q4 19 | 212 |
| Q1 20 | 222 |
| Q2 20 | 219 |
| Q3 20 | 220 |
| Q4 20 | 208 |
| Q1 21 | 212 |
| Q2 21 | 237 |
| Q3 21 | 276 |
| Q4 21 | 305 |
| Q1 22 | 330 |
| Q2 22 | 407 |
| Q3 22 | 467 |
| Q4 22 | 495 |
| Q1 23 | 494 |
| Q2 23 | 558 |
| Q3 23 | 596 |
| Q4 23 | 640 |
| Q1 24 | 556 |
| Q2 24 | 556 |
| Q3 24 | 553 |
| Q4 24 | 565 |
| Q1 25 | 476 |
| Q2 25 | 460 |
Booking Activity
- 1-3 Months:64.3% Booked
- 4-6 Months:47.2% Booked
- 7-9 Months:38.9% Booked
- 10-12 Months:13.9% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Hampton
Hampton vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals balanced approach between flexibility and stability. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Hampton, Virginia Rental Market Composition
Entire Place by Beds
| Bedroom Configuration | Number of Properties |
|---|---|
| Studio | 4 |
| 1 Bed | 42 |
| 2 Beds | 83 |
| 3 Beds | 104 |
| 4 Beds | 66 |
| 5+ Beds | 31 |
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Hampton
The vacation rental market in Hampton features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include concentration in 2-3 bedroom properties ideal for small groups. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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