Home Price Key
Affordable
Average
Expensive
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 $165,973, lower than the Virginia average of $323,261.
The average cost of rent is $1,086/mo in Hopewell, primarily driven by the current value of real estate in the Hopewell area. While nearly 37.09% of residents own their homes outright in Hopewell, 39.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hopewell is $4,791 per month. Households that rent pay about 22.66% of their income on rent here. Hopewell's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Beechwood Manor, VA: higher priced homes
- Kenwood, VA: equally priced homes
- Highland Park, VA: higher priced homes
- Enon, VA: higher priced homes
- Prince George, VA: higher priced homes
- Fort Lee, VA: equally priced homes
- Colonial Heights, VA: higher priced homes
- Kimages, VA: equally priced homes
- Garysville, VA: higher priced homes
- Chester, VA: higher priced homes
Cities with Similar Populations
- Rockville Centre, NY: higher priced homes
- Mauldin, SC: higher priced homes
- Maumee, OH: higher priced homes
- McMinnville, TN: less expensive homes
- Mehlville, MO: equally priced homes
- Melrose, MA: higher priced homes
- Richmond Hill, GA: higher priced homes
- Riverhead, NY: higher priced homes
- Riverside, NJ: higher priced homes
- Maryland Heights, MO: higher priced homes
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