Hopewell city · Richmond · population 22,970
Where Hopewell stands
At or near all-time high. averaging 7.5% annual growth over 5 years.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.
Rent trajectory · last 5 years
Zillow ZORI · monthlyHome value vs rent · indexed to 100
Both rebased at first month of ZORI data (~2015)Rent vs buy
At a 14.7 price-to-rent ratio, buying generally beats renting in Hopewell on a long-enough horizon. The headline math is that one year of mortgage payments approximates 14.7 years of rent — well below the 15+ threshold where ownership starts to dominate.
How the momentum score breaks down
methodology →Hopewell has averaged 7.5% annual appreciation over five years and the trend is still live (+2.3% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.
Hopewell's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.
About Hopewell
Hopewell is a city in Hopewell city, Virginia, with an estimated population of 22,970. It anchors the Richmond metro area. The median home value in Hopewell is $234,401 as of 2026-04, up 2.3% over the last 12 months. Over the last five years, home values have averaged +7.5% annual growth, with prices at or near the 5-year peak. Rents in Hopewell average $1,329 per month, roughly flat year-over-year (+2.9%). The composite momentum score is 70 of 100 (Rising). The market is healthy with prices supported by underlying demand.
▲ Bull case
▼ Bear case
Playbook
You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.
Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.
Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.
Local safety & alerts
No active National Weather Service alerts for Hopewell city right now.
Public-safety links are official .gov sources, not curated by us. Hopewell city routes NWS alerts; check the state EM portal for non-weather emergencies.
Cities like Hopewell
Run the numbers for Hopewell
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.
Current weather
Find rentals & listings
Open current Hopewell listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
Local sports teams
Major professional teams the Richmond area cheers for. Detailed stats, schedules, and player pages on intherafters.com.
Local economy & environment
Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.
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