Housing costs in Hopewell?
A typical home costs
$234,300, which is 30.7% less expensive than the national average of
$338,100 and 31.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Hopewell costs
$1,100 per month, which is 21.4% cheaper than the national average of
$1,400 and 20.9% cheaper than the state average of
$1,330.
Can I afford Hopewell?
To live comfortably in Hopewell (zip 23860), Virginia, a minimum annual income of
$45,000 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Hopewell?
The cost of living in 23860 Hopewell, VA is relatively low compared to other parts of the state. The median home value is just over $150,000, which is much lower than the Virginia average of around $270,000. The median rent for a 2-bedroom apartment in Hopewell is only about $700 per month, which is significantly lower than the national average rent of around $1,200 per month. Additionally, groceries and utilities are slightly less expensive than the national average. Overall, living in 23860 Hopewell is an affordable option with most necessities being below the US average prices.