Rents are 8% below what Hopewell's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,322 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Hopewell is 4.3% below its high of $1,381 in January 2026, at $1,322 as of September 2026.
Rent in Hopewell changed -1.0% over the year to September 2026. Across the 66 Virginia cities Zillow tracks, the typical change was +2.5%.
Rent rose in 5 of the last 12 months.
30% of the median household income ($54,729) is $1,368 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,290); a 2-bedroom is $1,430.
From Zillow's monthly rent index (ZORI) for Hopewell. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Hopewell, VA is majority owner-occupied, has a large share of families with children, has a median income below the national average, 13.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hopewell, VA has changed in 5 years
On the earnings side, the typical household in Hopewell, VA now reports about $54,729, up from $44,209 in 2021. About 42.1% of households rent today, against 50.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 11.4% to 13.7%.
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Can you afford rent in Hopewell on your salary?
At $1,322/mo, how Hopewell rent compares to typical pay (30% rule).
Hopewell rent by bedroom count
Median rent for each apartment size in Hopewell. Click any size for full breakdown.
Tips for renters in Hopewell
Last updated: October 17, 2026
The median rent in Hopewell is $1,322/mo as of October 2026. A studio apartment averages $1,240/mo while a 2-bedroom runs $1,430/mo. One-bedroom apartments average $1,290/mo and 3-bedroom units go for $1,810/mo.
At 29% of local median household income ($54,729/yr), Hopewell ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.
Frequently asked questions
How much income do you need to rent in Hopewell?
Is rent going up or down in Hopewell?
How does Hopewell rent compare to other cities in Virginia?
At $1,322/mo, rent takes ~29% of Hopewell's median household income ($54,729/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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