Living in Hopewell, Virginia
Cost of living, income, home prices, rent and demographics of Hopewell · Census data 2020–2024
Hopewell has 22,959 residents with a median age of 37.5. The median household income is $54,729 (41% lower than the Virginia median), the median home value is $181,600, the median rent is $1,106/month.
Hopewell at a glance
- Population
- 22,959
- Median age
- 37.5State: 39
- Median household income
- $54,729State: $93,170
- Median home value
- $181,600State: $383,700
- Median rent
- $1,106/moState: $1,579
- Homeowners
- 57.9%
- Bachelor's degree or higher
- 13.7%
- Average commute
- 26 min
Is Hopewell a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 26 minutes.
Cons: Median household income 41% lower than the Virginia median; unemployment of 9.2%; a poverty rate of 21.8%.
The weather is best in April–May and September–October.
Cost of living in Hopewell
Housing is the biggest part of the cost of living. In Hopewell the median home value is $181,600, 45% lower than the U.S. median. Renters pay a median of $1,106 per month, which is 31.7% of household income. Homeowners with a mortgage pay $1,227 a month in housing costs.
Hopewell median household income
The median household income in Hopewell is $54,729 and the income per person is $28,711. 21.8% of residents live below the poverty line (Virginia: 9.9%).
Housing in Hopewell: homes for sale and rent
- Housing units
- 10,448
- Owner-occupied
- 57.9%
- Renter-occupied
- 42.1%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.46
Hopewell demographics
- Population
- 22,959
- Median age
- 37.5
- Under 18
- 25.4%
- 65 and older
- 15.1%
- Households
- 9,255
- Foreign-born
- 4.6%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopewell ›
Education in Hopewell
13.7% of adults 25 and older in Hopewell have a bachelor's degree or higher (Virginia: 42.2%), and 4.2% have a graduate or professional degree.
Jobs and commute in Hopewell
- Unemployment rate
- 9.2%State: 4.3%
- Average commute
- 26 minState: 27 min
- Work from home
- 11.6%
- Drive alone
- 79.3%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 86.1%
Hopewell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopewell | 22,959 | $54,729 | $181,600 | $1,106 |
| Enon | 4,137 | $76,341 | $253,600 | $1,770 |
| Prince George | 1,829 | $61,571 | — | $1,625 |
| Colonial Heights | 18,352 | $76,505 | $246,600 | $1,234 |
| Ettrick | 5,910 | $58,137 | $211,200 | $1,191 |
| Petersburg | 33,537 | $50,698 | $189,000 | $1,174 |
| Chester | 24,474 | $95,104 | $327,200 | $1,603 |
| Matoaca | 2,724 | $70,174 | $251,000 | $1,039 |
| Bellwood | 7,907 | $47,781 | $225,300 | $1,059 |
More for people moving to Hopewell
Hopewell ZIP code ›Weather and climate ›Living in Hopewell: FAQ
What is the median household income in Hopewell, VA?
The median household income in Hopewell is $54,729, 41% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hopewell?
The median home value in Hopewell is $181,600, compared with $383,700 in Virginia.
How much is rent in Hopewell?
The median gross rent in Hopewell is $1,106 per month, about 31.7% of household income.
Is Hopewell, VA a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 26 minutes. Minuses: median household income 41% lower than the Virginia median; unemployment of 9.2%; a poverty rate of 21.8%.
What is the median age in Hopewell?
The median age in Hopewell is 37.5 years (Virginia: 39).
How long is the commute in Hopewell?
The average commute to work in Hopewell is 26 minutes; 11.6% of workers work from home.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell is 9.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopewell?
13.7% of adults in Hopewell have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: