Hampton Roads, VA Black Agents

Market Overview

The Hampton Roads, VA housing market in 2025 continues to reflect a blend of coastal lifestyle, steady economic growth, and broad affordability across its seven core cities — Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Portsmouth, and Suffolk.

The median home sale price across the region is approximately $365,000, showing a 5% year-over-year increase, while homes spend about 28 to 35 days on the market on average. Demand remains steady due to the region’s military, shipbuilding, healthcare, and education sectors, making Hampton Roads one of the most stable housing markets in the Mid-Atlantic.

From oceanfront condos in Virginia Beach to suburban communities in Chesapeake and historic homes in Norfolk, the region offers diverse housing options for families, professionals, and investors.

What’s Driving the Market

Hampton Roads’ housing market is anchored by a strong, diversified economy. The area’s economic foundation includes several major military installations, such as Naval Station Norfolk, Langley Air Force Base, and Joint Base Little Creek–Fort Story, which provide consistent housing demand.

Additionally, job growth in shipbuilding, port logistics, healthcare, and higher education continues to fuel both homeownership and rental markets. The region’s appeal extends beyond employment — with miles of beaches, historic districts, and family-friendly neighborhoods, Hampton Roads offers a quality of life that rivals larger metropolitan areas at a lower cost.

Infrastructure investments and coastal revitalization projects, particularly in Downtown Norfolk, Newport News, and Virginia Beach, are also drawing new residents and business owners to the region.

Buyer Opportunities

For buyers and investors, Hampton Roads real estate presents a rare combination of value and potential. Median home prices across the region remain below those in nearby Northern Virginia, offering attainable entry points for first-time buyers and long-term investors.

Emerging neighborhoods in Portsmouth, Suffolk, and Newport News are experiencing renewed interest, while established areas such as Virginia Beach’s Great Neck, Chesapeake’s Greenbrier, and Norfolk’s Ghent remain top-tier for lifestyle and convenience.

Investors benefit from a robust rental market, driven by steady military relocations and a growing remote-work population seeking coastal living. Whether acquiring a primary home or income property, Hampton Roads continues to deliver strong fundamentals and lifestyle appeal.

Seller Opportunities

Sellers in Hampton Roads are well-positioned to capitalize on regional growth and steady buyer demand. With homes selling in about a month and competitive pricing across most cities, well-prepared listings continue to perform strongly.

Waterfront and suburban properties remain especially desirable, while affordable inventory across Hampton and Portsmouth ensures consistent buyer traffic. Partnering with a skilled Black real estate agent who understands local market dynamics across the seven cities ensures your property is priced strategically, marketed effectively, and positioned for success.

Start Your Journey

Begin your Hampton Roads, VA home search today with a trusted Black real estate agent who understands your goals, community, and culture. Explore homes for sale across Hampton, Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, and Newport News, and take confident steps toward buying, selling, or investing in one of Virginia’s most vibrant and opportunity-rich regions.