Welcome to our 23860 real estate data hub, tailored for investors in Hopewell, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 23860 in Hopewell, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HOPEWELL CITY.
Leverage our comprehensive, zip code-specific data to excel in Hopewell, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Hopewell property market.
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Location Overview
- Zip Code: 23860
- City: Hopewell
- State: VA
- Metro Area: Richmond, VA
- County Name: HOPEWELL CITY
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Real Estate Market Snapshot
- Average Home Price (All Types): $232,791
- Average Home Price (Single Family Homes): $232,652
- Average Monthly Rental Price (All Types): $1,274
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: -0.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,120
- Average 3 Bedroom Section 8 Rental Rates: $1,450
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.32
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.38
- Number of Units Offered in Section 8 in the County: 286
- Number of Occupied Units in Section 8 in the County: 268
- Percentage of Section 8 Units Occupied in the County: 93.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 180.2
- Total % Appreciation since 2000 (Government Data): 119.06
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.61%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 20.89%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 59.66%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 80.38%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 116.11%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 87.3%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 154.24%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.75%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%