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Hopewell

Learn about the people, housing, costs and businesses in Hopewell County

Median Home$171,711
Median Rent$1,135/month
Population22,959
Leading IndustriesEducation · Healthcare · Finance & Insurance3% education
Home Value Growth⬆⬆⬆+26.4% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners58% of occupied units
NotableAmenity Score66/100 · highly walkable area
NotableVeteran Community9% of residents · top 20% nationally
Hopewell City
VA

Frequently Asked Questions

What are today's mortgage rates in Hopewell?

As of today, the 30-year fixed mortgage rate for Hopewell is approximately 7.116% (7.147% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hopewell?

The median home value in Hopewell is $172k. The median monthly rent is $1,135. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hopewell?

Home values in Hopewell have increased 26.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hopewell?

Based on a typical all-in ownership cost of $1,082/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hopewell is $60k/year.

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What industries drive the economy in Hopewell?

The largest employment sectors in Hopewell are public administration (24%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas