The housing market in Hopewell, VA is booming. The median home value of $236,700 is well below the US House Median Value of $338,100. Yet, the 1 year appreciation rate for houses in Hopewell, VA has been an impressive 12.84%, which is higher than the US average of 8.27%. This demonstrates that Hopewell's housing market is highly desirable and growing faster than the national average. With its relatively low median home price and high appreciation rate it makes an attractive option for those looking to invest in real estate.
The median home cost in Hopewell is $236,700. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Hopewell is up 18.6%.
Average Age of Homes
- The median age of Hopewell real estate is 48 years old
The Rental Market in Hopewell
- Renters make up 40.6% of the Hopewell population
- 1.9% of houses and apartments in Hopewell, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.