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Affordable
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These days, finding an affordable place to live in the Hopewell area can be challenging. Home prices in Hopewell are now at a median cost of $159,092, lower than the Alabama average of $228,911.
The average cost of rent is $744/mo in Hopewell, primarily driven by the current value of real estate in the Hopewell area. In Hopewell, 32.97% of households rent, and 56.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hopewell is $4,010 per month. Households that rent pay about 18.56% of their income on rent here. Hopewell’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Heflin, AL: higher priced homes
- Arbacoochee, AL: higher priced homes
- Chulafinnee, AL: equally priced homes
- Hollis Crossroads, AL: less expensive homes
- Choccolocco, AL: higher priced homes
- Micaville, AL: equally priced homes
- Ai, AL: equally priced homes
- Lecta, AL: higher priced homes
- Edwardsville, AL: equally priced homes
- White Plains, AL: higher priced homes
Cities with Similar Populations
- Gunlock, UT: higher priced homes
- Sprule, KY: less expensive homes
- Hays Mill, AL: higher priced homes
- Haynesville, TX: higher priced homes
- Havelock, IA: less expensive homes
- Harding-Birch Lakes, AK: higher priced homes
- Hardenville, MO: equally priced homes
- Hansell, IA: less expensive homes
- Hanfield, IN: higher priced homes
- Hancock, VT: higher priced homes
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