Zip 23860 (Hopewell, VA) Housing

The housing market in 23860 Hopewell, VA is an attractive investment for homebuyers. The median value of houses in the area is $234,300, which is significantly lower than the national median value of $338,100. Not only does 23860 Hopewell offer a more affordable option but over the past year house appreciation has been 12.84%, higher than the national average of 8.27%. Therefore, investing in a home in this area may be a wise decision due to its favorable market conditions and competitive prices.

The median home cost in Hopewell (zip 23860) is $234,300. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Hopewell (zip 23860) is up 18.6%.

Average Age of Homes

- The median age of Hopewell (zip 23860) real estate is 46 years old

The Rental Market in Hopewell (zip 23860)

- Renters make up 37.1% of the Hopewell (zip 23860) population
- 1.6% of houses and apartments in Hopewell (zip 23860), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hopewell, Virginia	United States
	12,091.0	139,647,020.0
	50	42
	$234,300	$338,100
	18.6%	16.6%
	58.1%	57.0%
	77.0%	101.1%
	$9.32	$10.98
	$1,376	$2,690
	48.8%	57.4%
	10.0%	11.2%
	41.1%	31.4%
Vacant Housing
	1.6%	1.9%
	0.4%	0.4%
	2.3%	0.7%
	1.2%	0.4%
	0.6%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	0.5%	2.4%
	3.4%	2.8%
	11.5%	3.9%
	10.7%	4.5%
	20.9%	11.3%
	23.5%	13.0%
	17.6%	20.1%
	5.0%	13.6%
	1.4%	8.3%
	1.2%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.9%	13.6%
	7.9%	13.6%
	8.1%	13.6%
	11.4%	13.2%
	19.2%	14.8%
	8.1%	13.6%
	14.8%	10.0%
	5.9%	4.7%
	10.4%	12.2%

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