Rent to own Homes in Hopewell, VA
An independent city in Prince George County, Virginia, Hopewell has a history stretching all the way back to 1613. Though it went through several expansions and name changes over the years, it is currently the oldest continually inhabited English settlement in the country. According to the most recent census data, the city has a population of 22,591 and a land area of 10.8 square miles. The city has recently started on several restoration projects which are reinventing the area.
Hopewell, VA is a great place for affordable rent-to-own homes! With a median household income of over $43,262 and a median rent of $920, the Hopewell, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Hopewell, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Hopewell, VA Property Resources
Rent to own Homes in Cities Near Hopewell, VA
- Ashland
- Bellwood
- Bensley
- Bon Air
- Brandermill
- Chamberlayne
- Chester
- Chesterfield
- Church Road
- Colonial Heights
- Dinwiddie
- Disputanta
- Doswell
- Dumbarton
- East Highland Park
- Enon
- Ettrick
- Ford
- Fort Lee
- Glen Allen
- Hanover
- Henrico
- Highland Springs
- Hopewell
- Innsbrook
- Lakeside
- Laurel
- Manakin Sabot
- Manchester
- Manquin
- Matoaca
- Meadowbrook
- Mechanicsville
- Midlothian
- Montpelier
- Montrose
- Moseley
- Petersburg
- Powhatan
- Prince George
- Providence Forge
- Quinton
- Richmond
- Rockville
- Rockwood
- Sandston
- Short Pump
- Sutherland
- Tuckahoe
- Wyndham
Neighborhoods in Hopewell, VA
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7 Reasons to Live in Hopewell, VA
Great real estate opportunities! The average price of homes for sale in Hopewell is well below the Virginia average, giving new residents plenty of opportunity to find a great place. Both the Cedar Level and Arlington/Five Forks neighborhoods offer some of the best values on homes. Rent to own houses are also fairly common.
Rentals are affordable! There are a variety of rental homes available in the city and they are very reasonably priced. For those looking for the best value, there are a few apartment complexes that really stand out. Twin Rivers has some of the lowest prices while Riverside Park offers different price levels to suit the needs of most renters.
Check out the local art! With its long history, it makes sense that Hopewell has some culturally significant art. The Hopewell Mural is a 275 square foot oil painting showing the city's history. The city also houses the Dr. Martin Luther King Jr. Bust, commemorating his appearance there in 1962.
Take in the fresh air! Like most cities of its size, Hopewell has no shortage of public parks for its residents to enjoy. The Appomattox River Trailhead at City Park is a great place to go for a nice hike during the weekend. If you're looking to rent a vacation spot, Crystal Lake is always a popular choice among locals.
Plenty of nighttime activities! The city has its own pulse when it comes to the night life. Jolly Rogers is one of the popular bars in the area and offers a great place to go and grab a drink. If you're looking for something more upscale, the Boss Lounge is definitely the place to go and get swanky.
Enjoy the local entertainment! The city recently finished constructing The Bacon Theatre, which offers live music entertainment and event spaces for special occasions. If you are simply looking to catch a movie, The Crossings Cinema is sure to offer some great options.
Taste the local cuisine! If you're craving some seafood, Son's Fish Market & Seafood Restaurant is the perfect spot. Chicken and Rib Shack is another local favorite, offering some of the best ribs in Virginia.