Hopewell, VA Foreclosures
How much do homes sell for in Hopewell, VA?
The average home price is currently $255,579.
In Hopewell, VA, how many homes are available?
There are currently 25 active home listings available in Hopewell.
What’s the average rental cost in Hopewell, VA?
The average rental price in Hopewell is $1,065.
What is the most expensive home in Hopewell?
The most expensive home sold in Hopewell had a price of $32,076,788.
What is currently the cheapest priced home in Hopewell, VA?
The cheapest home for sale in Hopewell is priced at $18,462.
Living in Hopewell, VA
Hopewell, Virginia, is a charming small city located on the Appomattox River, offering a rich history and a vibrant community. With access to numerous parks and recreational areas, residents enjoy a lifestyle that combines suburban comfort with the benefits of nearby urban amenities. The city's cultural heritage is palpable in its architecture and local events, making it a great place for families and individuals seeking a friendly atmosphere.
Current Market Conditions in Hopewell, VA
Hopewell's real estate market has shown a positive trend over the last year, with home prices gradually increasing as demand outstrips supply. The city's affordable price point compared to neighboring areas has attracted new buyers, especially first-time homeowners and retirees. As more people discover Hopewell's charm, the market is expected to become increasingly competitive, especially for homes that are well-maintained and situated in desirable locations.
In terms of rental properties, there's a surge in demand as people seek flexible living arrangements. The rental market remains robust, with landlords experiencing fewer vacancies and higher rental rates, indicating strong market health. Commercial real estate also sees growing interest, especially for businesses looking to establish a presence in this historic yet modern city.
Home Value Estimator For Hopewell, VA
There are currently 8,970 real estate properties
in Hopewell, VA,
with a median automated valuation model (AVM) price
of $227,201.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hopewell, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Hopewell, VA,
is $255,579.00, with the most expensive house
in Hopewell, VA, topping out
at $32,076,788.00 and the cheapest home
in Hopewell, VA,
clocking in at $18,462.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hopewell, VA!
Rent Prices
In Hopewell, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hopewell, VA, is on
a rollercoaster ride. The
average rent price in Hopewell, VA,
is $1,065.00. Indeed, when looking to rent in
Hopewell, VA, you can expect to pay as little
as $600.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Hopewell, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
