ClosingIQ is a real estate intelligence platform for wholesalers and investors. It provides free market reports for 26,000+ ZIP codes, an ARV calculator, and is building an AI-powered CRM with lead scoring, deal analysis, and pipeline management.

Market reports and the ARV calculator are completely free with no login required. The full platform with lead scoring, pipeline, dialer, and SMS will have paid plans when it launches.

What is IQ Lead Scoring?

IQ Lead Scoring is an AI engine that scores every lead from 0 to 100 based on 40+ signals across 7 layers: motivation, equity, intent, disposability, reachability, timing, and ownership profile. Higher scores mean higher probability of closing a deal.

How many markets does ClosingIQ cover?

ClosingIQ covers 26,932 ZIP codes, 3,108 counties, and 51 states with monthly-updated housing data including home values, rent estimates, and year-over-year trends.

How does the ARV Calculator work?

Enter a property address and the calculator pulls comparable sales, applies adjustment factors for size, beds, baths, garage, pool, and condition, then calculates After Repair Value with a MAO grid at 65%, 70%, 75%, and 80% of ARV minus repair costs. Repair costs are state-adjusted using BLS data.

What is the average home price in Hopewell City?

The average home value in Hopewell City is $210,819 as of February 2026.

Is Hopewell City a buyer's or seller's market?

Market conditions data for Hopewell City is updated monthly.

What is the average rent in Hopewell City?

The average asking rent in Hopewell City is $1,318/month as of February 2026.

Markets›VA›Hopewell City

Housing Market Report

Hopewell City, VA

Data through February 2026 · Updated monthly

🔥 Hot Market

Homes are selling quickly with few price cuts

Avg Home Value

$210,819

▲ 1.3% year-over-year

Days to Pending

Homes For Sale

Avg Rent/Month

$1,318

▲ 11.0% year-over-year

The Hopewell City, VA housing market is holding relatively steady. The average home value is $210,819, up 1.3% year-over-year as of February 2026. 0.3% of active listings have had a price cut.

There are currently 77 homes for sale in the county, with 22 new listings hitting the market each month.

The average asking rent in Hopewell City is $1,318 per month, up 11.0% year-over-year. For investors, the gross rent multiplier on a median-priced home is approximately 13.3, indicating strong cash flow potential for buy-and-hold strategies.

Bottom-tier homes (under the 33rd percentile) are currently valued at $147,568, making them the primary target range for investors looking at wholesale deals, fix-and-flip projects, or BRRRR strategies.

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Market Snapshot

Hopewell City Housing Market at a Glance

Key metrics for Hopewell City as of February 2026. Year-over-year changes show how the market has shifted in the last 12 months.

Metric	Dec 2025	Jan 2026	Feb 2026	3-Mo Change
Avg Home Value	$207,213	$209,415	$210,819	▲ 1.7%
Single Family Value	$206,886	$209,098	$210,507	▲ 1.8%
Median List Price	$249,667	$249,583	$249,583	No Change
Avg Rent/Month	$1,280	$1,293	$1,318	▲ 3.0%
Homes For Sale	89	85	77	▼ 13.5%
New Listings	26	27	22	▼ 15.4%
% Listings w/ Price Cut	0.3%	0.3%	0.3%	▼ 24.2%

Home Values

Hopewell City Home Value Trend (2000–2026)

All-home median values including the 2008 housing crash, 2020 COVID surge, and 2022 rate shock. Switch between All Homes, Single Family, Bottom Tier, Top Tier, and Rent to compare trends.

Source: Zillow Research ZHVI / ZORI · Updated monthly

Market Breakdown

What Homes Cost in Hopewell City

Home values broken down by bedroom count, ZIP code neighborhood, and property type. 3-bedroom homes are valued at $214,211 in Hopewell City.

Bedroom Count	Avg Value	Last 30 Days	Last Year
2 Bedrooms	$161,298	▲ 0.8%	▲ 3.9%
3 Bedrooms	$214,211	▲ 0.7%	▲ 1.9%
4 Bedrooms	$271,100	▲ 0.5%	▲ 3.6%
5+ Bedrooms	$307,423	▲ 0.6%	▲ 3.3%

The table above reflects average home values and rent in Hopewell City, broken down by bedroom count, neighborhoods, and property types. Data sourced from Zillow Research.

Market Tiers

Buyer vs. Investor Segments

Bottom-tier homes (under 33rd percentile) are the primary target for wholesale investors using the 70% rule. In Hopewell City, bottom-tier homes are valued at $147,568.

Bottom Tier

Under 33rd percentile

$147,568

▼ 0.5% YoY

Wholesale / investor range

Mid Tier

33rd-67th percentile

$210,819

▲ 1.3% YoY

Typical buyer range

Top Tier

Over 67th percentile

$277,390

Luxury / high-end

Market Activity

Supply, Demand and Pricing Power

How quickly homes are selling, how many are available, and whether sellers or buyers have the upper hand in Hopewell City.

Homes For Sale

22 new/month

% Listings w/ Price Cut

0.3%

Median List Price

$249,583

Rental Market

Rent Trends in Hopewell City

Zillow Observed Rent Index (ZORI) tracks typical asking rent, controlling for quality mix. Rent in Hopewell City is up 11.0% compared to last year. At current prices, the price-to-rent ratio is 13.3x annual rent.

Avg Asking Rent

$1,318

Year-over-Year

+11.0%

▲ 11.0%

Month-over-Month

+1.9%

▲ 1.9%

Price-to-Rent Ratio

13.3x

Rent trend (ZORI)

Source: Zillow Research ZHVI / ZORI · Updated monthly

Metro Context

Hopewell City vs. Richmond

How Hopewell City compares to the broader Richmond metropolitan area.

Metric	Hopewell City	Metro Avg
Avg Home Value	$210,819	$383,097
Days to Pending	--	--
% Sold Below List	--	0.4%
Avg Rent/Month	$1,318	$1,647

By Neighborhood

Home Values in Hopewell City by ZIP Code

Compare home values and price trends across neighborhoods in Hopewell City. Click any ZIP to see its full market report.

ZIP Code	Area	Avg Home Value	1Y Change
23221	Richmond	$626,472	▲ 2.4%	View →
23226	Richmond	$565,283	▲ 1.3%	View →
23220	Richmond	$436,926	▲ 0.9%	View →
23235	Richmond	$402,077	▲ 1.9%	View →
23236	Richmond	$383,332	▲ 1.6%	View →
23225	Richmond	$357,758	▲ 0.7%	View →
23219	Richmond	$348,846	▼ 5.3%	View →
23234	Richmond	$303,677	▲ 2.7%	View →
23222	Richmond	$272,596	▲ 1.6%	View →
23224	Richmond	$236,968	▲ 1.6%	View →

Nearby Markets

Other Counties in VA

Explore home values and trends in other VA counties. Compare markets to find investment opportunities.

Accomack

$236,874

▼ 2%Last year

Albemarle

$544,769

▲ 2%Last year

Rent: $1,997/mo

Alexandria City

$673,561

▲ 1%Last year

Rent: $2,212/mo

Alleghany

$173,555

▲ 1%Last year

Amelia

$315,037

▲ 5%Last year

Amherst

$253,361

▼ 2%Last year

Rent: $1,139/mo

Appomattox

$277,704

▲ 8%Last year

Arlington

$810,771

▲ 0%Last year

Rent: $2,576/mo

Frequently Asked Questions

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Data Sources and Methodology

Market data on this page comes from the Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI), updated monthly by Zillow Research. ZHVI measures the typical home value for a given region based on Zillow's proprietary automated valuation model, smoothed and seasonally adjusted to remove noise. ZORI measures the typical observed market-rate rent across the region, controlling for quality mix changes.

Sale price, inventory, days-on-market, and sale-to-list metrics are sourced from Zillow Research public data releases. All data is refreshed on the 17th of each month. This report was last updated February 2026.

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