Hopewell, VA
Population 22,944 · Virginia
About Hopewell, VA
Hopewell is a mid-sized city in Virginia with a population of 22,944 residents. The median household income is $48,681 per year, which is below the national average. The median age in Hopewell is 36.4 years.
Housing in Hopewell has a median home value of $165,100 and median monthly rent of $1,085. Of the 10,434 total housing units, the majority are owner-occupied, with 5,230 owner-occupied and 4,188 renter-occupied units.
The unemployment rate in Hopewell is 9.3% and the poverty rate is 23.8%. 12.5% of residents hold a bachelor's degree or higher. The average commute time is 26.6 minutes.
Cost of Living in Hopewell, VA
Compared to national averages, Hopewell has a median household income of $48,681 (35% below the national median of $75,149). Home values average $165,100, which is 33% below the national median. Monthly rent at $1,085 is 7% below the US average of $1,163. Within Virginia, Hopewell's income is 45% below the state average of $87,957, and home values are 50% below the state median of $327,514.
Why Live in Hopewell, VA?
Hopewell offers affordable housing with a median home value of $165,100, below the US average of $244,900, and rent that’s lower than the national average at $1,085/month.
Potential considerations include median household income ($48,681) that falls below the national average. However, Hopewell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopewell has a population of 22,944 with a median age of 36.4 years. Compare Hopewell with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Hopewell
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Springfield | 22,905 | $157,800 | $612,200 | Compare |
| Leesylvania | 22,848 | $137,460 | $508,800 | Compare |
| Christiansburg | 22,820 | $75,451 | $242,900 | Compare |
| Waynesboro | 22,574 | $56,364 | $236,600 | Compare |
| McNair | 22,451 | $123,327 | $566,900 | Compare |
| Cherry Hill | 23,443 | $119,474 | $470,400 | Compare |
| Chester | 23,519 | $88,455 | $290,600 | Compare |
| Montclair | 22,295 | $143,357 | $561,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
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, VA?
The population of Hopewell, VA is 22,944 according to the latest Census data.
What is the median household income in Hopewell?
The median household income in Hopewell, VA is $48,681 per year.
What is the median home value in Hopewell?
The median home value in Hopewell, VA is $165,100.
What is the average rent in Hopewell?
The median monthly rent in Hopewell, VA is $1,085.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell, VA is 9.3%.