Named for the encompassing natural harbor, the Hampton Roads region includes many of Virginia’s largest cities and most popular destinations. As we move into 2024, let’s delve into the lifestyle, noteworthy communities, and real estate market in Hampton Roads.
The Hampton Roads Lifestyle
The region’s coastal charm offers year-round delights, from springtime fishing to summertime surfing and boating. The region also has a wealth of excellent museums, delicious seafood dining options, and a vibrant calendar of events including Norfolk Harborfest, the country’s largest free maritime festival.
Embracing several major communities, Hampton Roads exudes an urban ambiance complemented by breathtaking coastal landscapes and a rich culture. A thriving economy positions Hampton Roads as an emerging job market and one of the East Coast’s fastest-growing ports.
Hampton Roads Communities to Know
As one of Virginia’s most significant population centers, Hampton Roads comprises several distinct communities, each boasting unique atmospheres and attractions.
Virginia Beach is the largest city in both the region and the state, renowned for its sandy shoreline and fascinating history. From its roots as one of the earliest settlement sites in the U.S., Virginia Beach has evolved into a dynamic and modern metropolis and a premier tourist destination.
Norfolk, another prominent city in Hampton Roads, serves as an economic powerhouse, home to the world’s largest naval base and the North American NATO headquarters. This scenic city has a thriving downtown and hosts numerous major community events.
Newport News exudes charm with its scenic waterfront vistas and lush greenery. Housing exceptional public parks, iconic landmarks such as the Yorktown Battlefield, and top-notch dining options, Newport News offers a delightful living experience.
The Hampton Roads Real Estate Market
Despite its economic and cultural prominence, Hampton Roads maintains affordability amid a national trend of soaring prices. While Virginia Beach has seen an uptick in prices, with a median sale price of $370,500 in March 2024, reflecting a 6.3% year-over-year increase, the region remains relatively affordable. Hampton Roads, with a median sale price of $336,250, showing a 7% increase from the year prior, per Long and Foster in March 2024, presents economic opportunity and natural beauty at an accessible price point.
