Hopewell, TN
Population 2,624 · Tennessee
About Hopewell, TN
Hopewell is a small community in Tennessee with a population of 2,624 residents. The median household income is $85,461 per year, which is above the national average. The median age in Hopewell is 39.5 years.
Housing in Hopewell has a median home value of $227,700 and median monthly rent of $1,007. Of the 1,028 total housing units, the majority are owner-occupied, with 798 owner-occupied and 152 renter-occupied units.
The unemployment rate in Hopewell is 4.3% and the poverty rate is 15.5%. 31.5% of residents hold a bachelor's degree or higher. The average commute time is 22.8 minutes.
Cost of Living in Hopewell, TN
Compared to national averages, Hopewell has a median household income of $85,461 (14% above the national median of $75,149). Home values average $227,700, which is 7% below the national median. Monthly rent at $1,007 is 13% below the US average of $1,163. Within Tennessee, Hopewell's income is 36% above the state average of $62,849, and home values are 6% above the state median of $214,371.
Why Live in Hopewell, TN?
Hopewell offers a strong local economy with a median household income of $85,461, well above the national average, and affordable housing with a median home value of $227,700, below the US average of $244,900, and rent that’s lower than the national average at $1,007/month. Additionally, the city features short commute times averaging just 22.8 minutes.
Hopewell has a population of 2,624 with a median age of 39.5 years. Compare Hopewell with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Hopewell
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Adamsville | 2,621 | $50,833 | $188,000 | Compare |
| Clifton | 2,632 | $44,286 | $126,900 | Compare |
| Pikeville | 2,653 | $32,917 | $155,500 | Compare |
| Parsons | 2,578 | $32,129 | $107,400 | Compare |
| Alamo | 2,565 | $52,768 | $117,000 | Compare |
| White Pine | 2,557 | $55,000 | $196,600 | Compare |
| Bells | 2,531 | $54,132 | $164,000 | Compare |
| Strawberry Plains | 2,531 | $77,855 | $180,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hopewell
What is the population of Hopewell, TN?
The population of Hopewell, TN is 2,624 according to the latest Census data.
What is the median household income in Hopewell?
The median household income in Hopewell, TN is $85,461 per year.
What is the median home value in Hopewell?
The median home value in Hopewell, TN is $227,700.
What is the average rent in Hopewell?
The median monthly rent in Hopewell, TN is $1,007.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell, TN is 4.3%.