Vector Force Development
707 Howmet Dr, Hampton, VA 23661
Hampton, Virginia, United States
Address
City: Hampton
State: Virginia
Postal Code: 23661
Country: United States
Business facts
Estimated annual revenue~$2.7M
Estimated employees~8
Estimated wage bill~$376.5K
Estimate based on moderate signals
Area statistics (23661)
Population13,936
Median household income$63,172
Source: US Census ACS
About
Vector Force Development is located in Hampton, Virginia. This business is working in the following industry: Construction of buildings.
Market analysis
Earning above its category median in a growing category (Construction of buildings).
EstimateCategory trend: 2024, +6.7%
Revenue trend (modeled)
~$2.0M2019
~$2.0M2020
~$2.1M2021
~$2.4M2022
~$2.6M2023
~$2.7M2024
Modeled from category averages for the region+6.8%/yr since 201980% confidence band: ±59%
Property
Lot size0.61 acres
CountyHampton_city
On this lotshared with 2 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Construction of buildings in Virginia | 11,058 | ~$38.6B | ~$3.5M | ~$1.1M | 4.9★ | 2.5× |
Category revenue trend2024: +6.7%2023: +8.0%2022: +10.7%2021: +7.1%Modeled from business-level estimates
Chain pressure100 chains expanding in this category, led by Ryan Homes, Oakton East, DR Horton homes (+580 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 47 | ~$108.0M | ~$2.3M | ~$1.2M | 536 | ~$47.7M | 2.2× |
| Construction | 9 | ~$41.6M | ~$4.6M | — | 101 | — | — |
1 km area (all businesses): median from the 37 of 47 businesses with estimates
Estimate
Area conditions (23661)
Population13,936 ±1,075
Median household income$63,172 ±$7,934
Median home value$185,700
Bachelor's degree or higher0.3%
Unemployment rate0.1%
Source: US Census ACS