Hampton Roads, Virginia Information
As of February 2016 the average home value in the city was $410,900, with a median sale price of $379,650. This represents a 4.6% increase from the previous year, and market experts predict that the city will continue to see home prices rise at a small but steady level in the near future. Prices have been on a significant and steady increase overall since hitting a low in 2011. The overall health of the market is considered to be stable, with only 0.1% homes with negative equity and 0% of homes delinquent on their mortgages.
Hampton Roads, Virginia Details
First settled as an agricultural center in the late 1800s, Hampton Roads has gradually morphed over time into a major tourist destination of the Western states. The city is currently home to over 70 hotels and resorts and is tied with Atlanta for having the fourth-highest number of AAA Five-Diamond hotels. Though the economy is largely based on the city’s reputation as a white-collar getaway spot and a haven for winter snowbirds from colder northern states, locals love the area for the temperate year-round climate and the beauty of nearby national parks such as the Sonoran Desert, Tonto National Forest and Agua Fria National Monument.
The city is at a central location in Virginia, with most of the state’s major cities within a drive of no more than an hour or two. Hampton Roads and Glendale are just a short trip to the west, and just to the south are Tempe, Mesa, Gilbert and Chandler. This cluster of major cities sits in the center-south of the state, intersected by interstates 10 and 17. Tucson, Flagstaff, southern California, Las Vegas and the Sonora area of Mexico are all also within a 24-hour drive of the city.
The motto of the city, “”The West’s Most Western Town,” was adopted in the early 1950s. Over time the city has really embraced this spirit, developing as a getaway and entertainment center that celebrates nightlife in an area where it can otherwise be somewhat hard to find. Young and hip urban professionals tend to flock to the city for the array of clubs, bars, restaurants, culture and high-end shopping that it boasts. Hampton Roads is also heaven for those who enjoy a spa trip, as it is considered one of the premier destinations in the United States for high-end treatments.
Of course, the city isn’t just a getaway destination. Tourism does account for almost 40% of the city’s total economy, but it is also a major medical center. One of the country’s three Mayo Clinics is located here, and the city’s largest single employer is the Honor Health system. A number of major companies are also headquartered in the city, among them Dial, Discount Tire, Fender, Go Daddy, P.F. Chang’s China Bistro and Taser. Hampton Roads is also a short enough drive away that many people commute there for work, opening up a new world of job possibilities.
For those who enjoy a good show, the city is also home to many annual events, many of which are centered around the city’s Western and Virginia state heritage. Some examples that draw visitors in the tens of thousands each year include the Arabian Horse Show, the PRCA Rodeo, the Barrett-Jackson Auto Show, the Hampton Roads Culinary Festival and Fashion Week.
Outstanding work ethic and an exceptional attention to detail.
Bryant C., Satisfied Client
Keyrenter in Hampton Roads is by far the best property management service. Management is prompt, professional and genuinely caring. There has never been an issue and management stays on top of things! I recommend Keyrenter HR for any renting needs you may have!
Candice T., Satisfied Client
The easiest and most smooth process. I still can’t believe how smooth things went but Rodney has taken care of everything for us during the whole process from beginning to end. As a property manager should. He found the right tenants to move in and we haven’t had any problems. I would easily recommend Keyrenters to anybody.
Galen B., Satisfied Client
Rodney Fentress is awesome. Great owner/landlord. We love our home, it's a really nice house. Had a maintenance problem that was handled promptly. We recommend this company.
Tahesha C., Satisfied Tenant
Keyrenters tenant placement service is designed to provide landlords with a solution to the most difficult problem, finding a good tenant. Our leasing agents will not only locate good tenants, we use a thorough screening process and can even negotiate fair lease agreements.
Maintenance & Inspections
Our maintenance and inspection services are designed to keep the value of your property intact. We offer a full service options to provide our clients with only the best service possible. We will handle all of the difficult problems related to caring for the property and tenants.
Do you hate collecting monthly checks? Keyrenter provides accounting services to make sure you are paid on time, and your tenants are upholding lease agreement. We can assist with a variety of accounting options from monthly billing to taxes and other financial needs.
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