Located in the state of Virginia, Hopewell is a moderately-sized city with a population of 22,332 residents. Hopewell is mostly populated by White (52%) and Black or African American (39%) ethnic groups. If you are not a fan of long commutes, you will enjoy living in Hopewell. With average one way commute time of only 23 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Are you trying to figure out if living in Hopewell is the right fit for your lifestyle? To ensure a positive experience before moving to any new city in Virginia, you will probably want to make sure that you check all of the most important boxes. With useful information like amenities, crime, cost of living and other key data points, finding the best places to live in Hopewell and in the areas around Hopewell is a much easier task.
The livability score in Hopewell is 68/100 and the city is ranked in the 56th percentile of all cities across America. For each of the livability categories, we know that Hopewell ranks very well for amenities (A-), cost of living (B) and education (B). There is at least one category that did not score well in Hopewell. The following was graded with a disappointing score: crime (D-), employment (F) and housing (F).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Hopewell on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Knowing that the Hopewell schools rank highly for test scores plays an important factor in deciding if this area is the right place to live. The average school test scores are 67%, which is far higher than the national average.
Hopewell real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Hopewell. Median real estate prices in Hopewell come in at $125,400, which is 49.5% lower than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Hopewell, the home price to income ratio is 3.1, which is 18.4% lower than the Virginia average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Hopewell were 12.8%, and the 5 year appreciation rates came in at 2.7%.
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