The Hampton Roads area is a place that is culturally diverse and is home to a lot of history. The area, which has the harbor to thank for its growth and thriving economy, is a favorite spot for visitors to come by and visit. With its beaches, recreational opportunities, historical sites, and friendly people, it is no surprise that Hampton Roads real estate has become an exceptional place to call home.
Demographics in Hampton Roads Area
Over 1.6 million men, women, and children live in the Hampton Roads area. The number might seem awfully big for this land mass in southeastern Virginia, but the area is not crowded at all. Due to the number of residents, Hampton Roads is the 33rd biggest metropolitan area in the entire nation.
The 1.6 million or so people who live in Hampton Roads are scattered in the numerous communities that make up the region. The cities of Chesapeake, Williamsburg, Virginia Beach, Hampton, Suffolk, Poquoson, Franklin, Portsmouth, Newport News, and Norfolk are all located in the Hampton Roads area. Most residents of the region live within the area’s five main cities – Virginia Beach, Norfolk, Chesapeake, Portsmouth, and Suffolk.
The economy of the region is driven by several key players. The military, the Port of Virginia, tourism, manufacturing, and technology bring in around $54 billion. Of these sectors, the military has been responsible for employing more than 110,000 people.
Life in Hampton Roads is no chore. Here days can be spent enjoying nature’s bounty and the pleasures of modernity. About 58% of the population earn between $50,000 and over $75,000 each year, indicative of the good quality of life in Hampton Roads.
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Virginia Beach Real Estate | Chesapeake Real Estate | Norfolk VA Real Estate | Franklin VA Real Estate | Suffolk VA Real Estate | Portsmouth VA Real Estate | Smithfield VA Real Estate | Hampton Roads Real Estate