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Hopewell, VA
Full City Profile · Virginia · Hopewell city County
2.6
/5.0
C+
Fair
22,944
Population
2,217/sq mi density
$48,681
Median Income
$26,626 per capita
$165,100
Home Value
$228,181 Zillow
$1,085
Median Rent
37.4% income on rent
61°F
Avg Temperature
299 sunny days/yr
334
Violent Crime/100K
2,137 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$48,681 median income, 5.6% unemployment
A+
Affordability
4.8 / 5.0
$165,100 home value, $1,085/mo rent
F
Safety
1.0 / 5.0
334 violent crimes/100K
C
Education
2.0 / 5.0
12.5% bachelor's degree or higher
Housing Overview
Median Home Value
$165,100
41% below
US avg: $281,900
Median Rent
$1,085/mo
7% below
US avg: $1,163/mo
Homeownership Rate
55.5%
15% below US avg (65.4%)
Total Housing Units
10,415
Median year built: 1969
Home Value by Source
Census Median
$165,100
Zillow (ZHVI)
$228,181
Median Sale Price
$235,000
Median List Price
$274,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
55.5%
Owner-Occupied
44.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,442/mo
1 Bedroom
$1,507/mo
2 Bedroom
$1,655/mo
3 Bedroom
$2,072/mo
4 Bedroom
$2,553/mo
Census median rent:
$1,085/mo
· Zillow rent:
$1,472/mo
Market Indicators (Redfin)
Median Days on Market
27 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
27
Price Drops
27.7%
of listings with price reduction
Price Per Sq Ft
$187
Active Inventory
47
homes for sale
Affordability & Housing Stock
Rent Burden
37.4%
of renters spending 30%+ of income on housing
21% above US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
55.5%
Complete Housing Data
Home Values
| Census Median Value | $165,100 |
| Zillow Home Value (ZHVI) | $228,181 |
| Median Sale Price | $235,000 |
| Median List Price | $274,500 |
| Price Per Sq Ft | $187 |
Rent
| Census Median Rent | $1,085 |
| Zillow Rent (ZORI) | $1,472 |
| FMR Studio | $1,442 |
| FMR 1-Bedroom | $1,507 |
| FMR 2-Bedroom | $1,655 |
| FMR 3-Bedroom | $2,072 |
| FMR 4-Bedroom | $2,553 |
Market
| Days on Market | 27 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 27.7% |
| Homes Sold | 27 |
| Active Inventory | 47 |
| Price Per Sq Ft | $187 |
Ownership & Stock
| Owner-Occupied | 55.5% |
| Renter-Occupied | 44.5% |
| Homeownership Rate | 55.5% |
| Total Housing Units | 10,415 |
| Median Year Built | 1969 |
| Rent Burden | 37.4% |