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Hopewell city, VA

ZIP 23860 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23860

Median Home Value
$187,800
Median Rent
$842
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,206/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23860 in Hopewell city, VA, a household would need roughly $52,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,206. That is roughly in line with the local median household income ($55,104). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.7%-7% vs US avg
x
Vacancy Rate
8.9%-14% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
5.7%-56% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
35.0%-30% vs US avg
x
Mortgage-Free
32.2%-16% vs US avg
x
$187,800
Home Value
$842
Rent
1972
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.1%
  • 1-unit attached4.9%
  • 2-9 units9.6%
  • 10+ units8.6%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$187,800
Median rent$842
Owner-occupied60.7%
Vacant8.9%
Price-to-income3.4x
Est. income to buy$52,000