1st Advantage MortgageHopewell city households have a median income of $54,729 and median rent of $1,106 a month (ACS 2020 to 2024). Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Virginia before sharing details.
On this page
- Hopewell city, VA: the basics
- Employment and commuting in Hopewell city
- What Hopewell city households earn
- Housing costs in Hopewell city
- Hopewell city towns compared
- The counties around Hopewell city
- Room for a loan payment in Hopewell city
- More Hopewell city figures
- Reading the Hopewell city data as a borrower
- Virginia rules that apply in Hopewell city
- Before you sign
- Nearby and statewide guides
- Frequently asked questions
Hopewell city, VA: the basics
The latest five-year Census estimate puts Hopewell city's population at 22,959; only 73 of Virginia's 133 county-level areas are larger. Land area is 10 square miles (2024 Gazetteer), so density runs near 2,217 per square mile. It is one of the counties that make up the Richmond, VA metropolitan statistical area (OMB, 2023). The Census Bureau counts 1 place in the county (1 incorporated, 0 census-designated); the largest is Hopewell, with about 22,959 residents, or 100% of the county.
Employment and commuting in Hopewell city
Education and health care employs 24% of working residents, the largest share; retail trade is next with 12%. The sharpest difference from the state is in manufacturing, at 11% locally and 7% for Virginia. Averaged over the five survey years, 9.2% of the labor force was out of work and looking. Long commutes are the exception here: 14% of workers spend 45 minutes or longer getting to work. 11.7% of households have no vehicle.
| Top industries | Hopewell city share | +/- vs Virginia |
|---|---|---|
| Education and health care | 24.0% | +1.7 pts |
| Retail trade | 11.7% | +1.9 pts |
| Professional and administrative services | 11.6% | -5.2 pts |
| Manufacturing | 10.5% | +3.5 pts |
| Construction | 8.7% | +2.2 pts |
| Finance, insurance and real estate | 7.3% | +0.8 pts |
Shorter commutes usually mean lower vehicle costs, which can leave more room for a payment, or for paying a loan off early.
What Hopewell city households earn
The median household income in Hopewell city is $54,729; statewide it is $93,170, so Hopewell city runs 41% below Virginia as a whole. In the state ranking that is 109th of 133.
| Household income | Hopewell city | vs Virginia |
|---|---|---|
| Under $35,000 | 32.3% | +14.4 pts |
| $35,000 to $99,999 | 44.1% | +8.9 pts |
| $100,000 to $199,999 | 18.6% | -10.6 pts |
| $200,000 or more | 5.0% | -12.7 pts |
About 32% of households earn under $35,000, while 24% clear $100,000. Census counts 21.8% of Hopewell city residents in poverty, against 9.9% across Virginia. A household earning below the $54,729 median should test any payment carefully; one earning above it should still pick the shortest term it can manage.
Housing costs in Hopewell city
Renters in Hopewell city pay a median of $1,106 a month, 30% below the Virginia figure of $1,579. By the Census definition, 53% of Hopewell city renters are cost-burdened. The median owner-occupied home is valued at $181,600, about 3.3 times the median household income. 58% of Hopewell city households own their home and 42% rent. Median construction year: 1972.
| Housing | Hopewell city | Virginia statewide | Typical U.S. county |
|---|---|---|---|
| Median gross rent | $1,106/mo | $1,579/mo | $877/mo |
| Median home value | $181,600 | $383,700 | $185,300 |
| Owners | 58% | 67% | 75% |
| Rent-burdened renters | 53% | 49% | 45% |
| Burdened owners | 27% | 25% | n/a |
| Vacant units | 11% | 9% | n/a |
High rent burdens leave little slack. If you are borrowing to consolidate, make sure the new payment is lower than the ones it replaces.
Hopewell city towns compared
Just one Census place, Hopewell, lies mainly within Hopewell city; it holds about 22,959 people. This guide covers each of the 1 places and the rural areas around them.
| Name | Kind | Pop. | Income | Rent | Miles |
|---|---|---|---|---|---|
| Hopewell | city | 22,959 | $54,729 | $1,106 | 0 mi |
The counties around Hopewell city
Nearest neighbors first, measured between county centers (6 to 17 miles). 5 of the six report a higher median household income than Hopewell city; Chesterfield County is highest at $101,931 and Petersburg city lowest at $50,698.
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Hopewell city | - | $54,729 | $1,106/mo | 58% |
| Colonial Heights city, VA | 6 mi | $76,505 | $1,234/mo | 68% |
| Petersburg city, VA | 8 mi | $50,698 | $1,174/mo | 39% |
| Prince George County, VA | 8 mi | $84,897 | $1,594/mo | 74% |
| Henrico County, VA | 10 mi | $88,783 | $1,541/mo | 64% |
| Charles City County, VA | 14 mi | $75,417 | $1,099/mo | 86% |
| Chesterfield County, VA | 17 mi | $101,931 | $1,629/mo | 77% |
Room for a loan payment in Hopewell city
The debt-to-income ratio is the main affordability test lenders use. Applied to Hopewell city's medians:
- Start: $4,561 gross per month ($54,729 / 12)
- Less median rent of $1,106, which is 24% of it
- Under a 43% cap, $1,961 total minus rent leaves $855
Car, student loan and card payments come out of that room first. Try your own numbers in the calculator.
More Hopewell city figures
Degree holders: 14% of adults over 25. 7.9% of residents have no health coverage.
| Measure | Hopewell city | Virginia statewide | Typical U.S. county |
|---|---|---|---|
| Median age | 37.5 | 39.0 | 41.5 |
| Bachelor's or higher | 13.7% | 42.2% | 22.2% |
| No high school diploma | 11.3% | 8.4% | n/a |
| No health insurance | 7.9% | 6.9% | 7.8% |
| No vehicle | 11.7% | 6.1% | 5.4% |
| Work from home | 11.6% | 18.3% | 8.7% |
| Poverty rate | 21.8% | 9.9% | 13.2% |
| Unemployment (ACS) | 9.2% | 4.3% | 4.4% |
| Trip time | Share |
|---|---|
| Under 15 min | 26.9% |
| 15 to 29 min | 32.6% |
| 30 to 44 min | 26.8% |
| 45 to 59 min | 8.3% |
| 60+ min | 5.4% |
Reading the Hopewell city data as a borrower
Based on the Hopewell city data above, these borrowing questions are most likely to matter locally.
- Assistance before credit. With a 22% poverty rate, check no-cost options before any Hopewell city loan.
- 53% rent-burdened. A payment on top of high rent needs a cushion; size it with the calculator.
- Fraud. Gift cards, wire transfers or fees to unlock a loan mean walk away (report it).
Virginia rules that apply in Hopewell city
Before sharing details with a lender, a Hopewell city resident can confirm its license with the Virginia Bureau of Financial Institutions. Problems with a lender can also go to the CFPB. See the Virginia state guide for the statewide picture.
Before you sign
Before you apply, wherever you live in Hopewell city:
- Borrow the amount the job needs; extra cash adds interest.
- Prequalify with soft pulls where offered, then compare in writing.
- Check the license, then the reviews, then the offer.
- Ask about early-payoff penalties.
Nearby and statewide guides
For statewide rules and data, see the Virginia guide.
Frequently asked questions
How much do households in Hopewell city earn?
The median is $54,729; 24% earn $100,000 or more and 32% under $35,000. A lender uses your own documented income, not this figure.
How does Hopewell city rent compare with Virginia?
$1,106 locally versus $1,579 for the state, 30% below.
What are the biggest places in Hopewell city?
By population: Hopewell. The county has 1 Census place in all.
Does living in Hopewell city change what I qualify for?
Not in our fit check, which uses only the amount, credit range, income and payments you enter, the same for a Hopewell city resident as anyone. Lenders decide under fair-lending law.
Where can someone in Hopewell city check a lender's license?
With the Virginia Bureau of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.