Overview of the Hampton Real Estate Market in 2022
PHOTO FROM 123RF
By Connie Watson
H
ampton is a small city in the state of Georgia with an estimated population of only 8,368 people. The city has nine constituent neighborhoods and the 114th largest community in the state of Georgia. Over the recent years, the city has seen significant growth in the number of housing units and quite often, new home construction due to the number of new residents coming into the city from other states and cities rising. The demographic profile of the city, especially with the new residents from other places comprise of a middle class or wealthier people who come into the city attracted by the jobs, a healthy economy or amenities. Consequently, we have the city’s median income at $63,726.00. 90 | MAY 2022
THE REAL ESTATE PROFILE Although the real estate values of housing units in Georgia do not compare to the states and country’s most expensive markets, Hampton real estate market is one of Georgia’s hot spots. The median value of homes in Hampton is $305,967 according to Zillow which further indicates that prices in this region have gone up 36.1 over the past year. The city’s housing profile comprises of all the types of homes including single-family detached homes which are the most common housing type in the city accounting for 77.50 percent. The other types of housing units present in the
