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ZIP Code · VA

ZIP 23860

Part of Hopewell, VA
Pop. 31,404·Hopewell City·191st most expensive ZIP in Virginia
Median rent (all units)
$1,314/mo
Year-over-Year
+4.3%
Month-over-Month
Stable
vs US Median
-$651
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 23860 · $1,314
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,047
1 BR
$1,094
2 BR
$1,203
3 BR
$1,524
4 BR+
$1,883
Research median
$1,203/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,768/yr
At $1,314/mo median
Location
StateVA
CountyHopewell City
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.3% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 23860 (Hopewell, VA) is majority owner-occupied, has a median income below the national average, 15.1% of residents hold a bachelor's degree or higher.

Population
31,404
Median income
$62,141
Median age
39.2
Renters
36.8%
Age distribution
21.5%
23.8%
27.1%
12.8%
14.8%
Under 1821.5%
18–3423.8%
35–5427.1%
55–6412.8%
65+14.8%
Gender
52.9%
47.1%
Male52.9%
Female47.1%
Race & ethnicity
42.4%
43.8%
White42.4%
Black43.8%
Hispanic8.4%
Asian0.9%
Other4.5%
Education (25+)
12.2%
40.8%
31.9%
15.1%
No HS diploma12.2%
HS diploma40.8%
Some college31.9%
Bachelor's+15.1%
Housing tenure
63.2%
36.8%
Owner63.2%
Renter36.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 23860 in Hopewell, VA has changed in 5 years

Income
$48,989 → $62,141
up 26.8%
Population
32,407 → 31,404
down 3.1%
Renter share
45.7% → 36.8%
-8.9 pts
Bachelor's+
13.2% → 15.1%
+1.9 pts
Median age
38.3 → 39.2
+0.9 yrs

Census figures show median household income at $62,141 today, compared with $48,989 five years earlier. Headcount in the area went from 32,407 to 31,404 between 2021 and 2024, a 3.1% change. About 36.8% of households rent today, against 45.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 23860

About renting in ZIP 23860

Last updated: July 20, 2026

ZIP code 23860 covers Hopewell, VA. The median rent here is $1,314/mo as of July 2026. A 1-bedroom rents for a median of $1,094/mo. A 2-bedroom rents for a median of $1,203/mo.

At 25% of local median household income ($62,141/yr), ZIP 23860 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23860?

As of July 20, 2026, the median monthly rent in ZIP 23860 (Hopewell, VA) is $1,314. This is based on aggregated data from public sources and community submissions.

How does ZIP 23860 rent compare to the US average?

ZIP 23860's median rent of $1,314/mo is $651 (33%) below the US national median of $1,965/mo.

How does ZIP 23860 compare to other ZIPs in Virginia?

ZIP 23860 is among the more affordable ZIP codes in Virginia, ranking #191 out of 198 ZIPs at $1,314/mo.

How much income do you need to rent in ZIP 23860?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,314/mo in ZIP 23860. The local median household income is $62,141/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23860?

Rent in ZIP 23860 has increased 4.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23860 an affordable place to rent?

ZIP 23860 is considered affordable for renters. At $1,314/mo, rent takes approximately 25% of the local median household income ($62,141/yr). The standard benchmark is 30%. ZIP 23860 falls comfortably within that range.

What percentage of ZIP 23860 residents rent vs. own?

According to Census data, approximately 36.8% of ZIP 23860 households are renters, while 63.2% are owner-occupied. ZIP 23860 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23860 compare to the rest of Hopewell?

ZIP 23860 is more affordable than Hopewell overall. At $1,314/mo, it's $105 below the Hopewell citywide median of $1,419/mo.

When was rent data for ZIP 23860 last updated?

Rent data for ZIP 23860 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,314/mo, rent takes ~25% of ZIP 23860's median household income ($62,141/yr). The standard benchmark is 30%.

ZIP 23860 25%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23860 (Hopewell, VA)

Recent submissions

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