Can A Real Estate Agent Afford Rent in Hopewell, VA?
Comfortably affordable — rent takes 25.5% of gross income.
Hopewell rent: June 2026. Salary: BLS OEWS May 2024 (Virginia state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Virginia cities have lower median rent than Hopewell, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Hopewell
View full rent data for Hopewell, VA →Frequently asked questions
Can a real estate agent afford rent in Hopewell, VA?
Median rent in Hopewell is $1,419 a month. A typical real estate agent in Virginia earns about $66,892 a year, which makes that rent 25.5% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Hopewell?
Using the 30% rule, a real estate agent salary in Virginia (~$66,892/yr) supports up to $1,672 a month in rent. Hopewell's current median rent is $1,419/mo, which leaves a $253/mo buffer.
How many hours does a real estate agent work to cover rent in Hopewell?
At an hourly equivalent of about $32 an hour, a real estate agent in Virginia works roughly 44.1 hours a month to cover Hopewell's median rent of $1,419.
Where is rent cheaper than Hopewell for a real estate agent?
Nearby Virginia cities with lower median rent include Farmville ($1,417/mo), Staunton ($1,416/mo), Bristol ($1,414/mo). Each shifts the affordability math materially on a real estate agent salary.