Hopewell City, Virginia home prices
Typical home $215,859 · +2.2% in a year · property tax 0.86%
The typical home in Hopewell City is worth $215,859, 48% less than the Virginia typical home ($412,252). Values changed +2.2% in the past year and +35.7% over five years. Homeowners here pay a median 0.86% of their home's value in property tax each year ($1,859 on the typical home), versus 0.71% statewide.
Mortgage on the typical Hopewell City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $43,172 | $172,687 | $1,162 | $0 | $263 | $1,425 | $61,100 |
| 10% down | $21,586 | $194,273 | $1,307 | $81 | $263 | $1,651 | $70,700 |
| 5% down | $10,793 | $205,066 | $1,379 | $85 | $263 | $1,728 | $74,000 |
| 3.5% down (FHA) | $7,555 | $211,949 | $1,426 | $95 | $263 | $1,784 | $76,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.86% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Richmond metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bath County | $219,212 | +7.3% | 0.39% |
| Roanoke City | $219,673 | +0.6% | 0.99% |
| Wythe County | $210,800 | +2.3% | 0.53% |
| Mecklenburg County | $209,597 | +3.6% | 0.45% |
| Grayson County | $207,245 | +5.5% | 0.56% |
| Giles County | $206,518 | +8.6% | 0.61% |
| Pulaski County | $226,254 | +4.9% | 0.63% |
| Charlotte County | $198,283 | +11.7% | 0.52% |
| Petersburg City | $196,761 | +1.2% | 0.81% |
| Franklin City | $235,735 | +2.4% | 0.71% |
Frequently asked questions
What is the average home price in Hopewell City, VA?
The typical home value in Hopewell City is $215,859 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Hopewell City?
About $61,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Hopewell City?
The median effective rate is 0.86% of home value a year (Census ACS 2024 5-year estimates).