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The original item was published from 5/6/2022 11:28:42 AM to 5/6/2022 3:45:55 PM.

News Flash

* Hampton City News

Posted on: May 6, 2022

[ARCHIVED] Hampton named one of the 15 most affordable beach towns in the nation

May 6, 2022 - Home prices in the city may be climbing, but Hampton remains one of the nation’s most affordable beach towns, according to a study of more than 200 localities.

That assessment is courtesy of Smart Asset, an online destination for consumer-focused financial information and advice. The study looks at more than the average home sale price – it takes into account property taxes, home size, and monthly housing costs.

This is the fifth year in a row that the city has made the list. This year, Hampton tied with Melbourne, Florida, for 12th place. In 2017, Hampton was 23rd. Gulf Coast cities dominate the list. Hampton is the only Virginia city on the list.

Nationally, the S&P CoreLogic Case-Shiller US National Home Price Index, which tracks the purchase prices of single-family homes, says that prices rose 19.2% in the one-year period ending in January 2022.

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