Hopewell's January First-Time Homebuyer Report

Hopewell has a cost of living adjustment score of 95.7, which is average when compared to others in Virginia. Also, the area is considered less affluent than average with a median income of $41,254 per household. With a median age of 44 years, homes in Hopewell tend to be older than most. Heading the list of top schools in the city is Hopewell High School.

Price Range

Homes in Hopewell are generally less expensive than others in the state with a median home value of $120,600 and an average list price of $118,052. The Hopewell market pulled back with a 19.2% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (20.7) with 21 homes sold.

Curious as to which homes have been getting the most attention in Hopewell? These listings have stirred up interest and produced the most views:

$175K   $119K   $128K  

Typical Dwelling

A three-bedroom detached home valued around $108,695 is considered a typical dwelling in Hopewell. If a buyer was looking for a similar home, they would need good credit and a $21,739 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $613 and the property tax rate is $10.75 per $1,000 of taxable assessed value.

Get started right now by checking out Hopewell homes for sale or reviewing Hopewell real estate trends.


Data reported through 1/12/2017

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Ask a local expert about this area:
Exit Realty Parade of Homes
Snapped 3 homes in this area
Ingram & Assoc Hopewell
Snapped 5 homes in this area
RVA Realty, Inc
Snapped 1 home in this area

Agents that specialize in this area
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