Hopewell, VA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Hopewell short-term rental market based on reliable data.

Listings

35 / 114

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$31,946

Middle-Earners Revenue

Occupancy

82%

Middle-Earners Occupancy

Home Value

$236,328

Median Home Sale Price

Top Earners

$43,996

Top-Earners Revenue

Hopewell

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hopewell.

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B

Generally Investor friendly

Hopewell Regulations

STRs are allowed citywide but require a business license, rental registration, a 4‑year Certificate of Compliance with inspections, and sales/lodging taxes; the process is clear and manageable with no caps, though moderate permitting and fees are needed.

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About Hopewell

Hopewell is an independent city in the Commonwealth of Virginia, situated along the James River where it is joined by the Appomattox River. With an approximate population of around 23,000, Hopewell carries a working-class, industrial heritage that gives it a distinctive character different from many of Virginia's more polished tourist towns. The city is best known for its legacy as a center of chemical manufacturing, a chapter that began in the early twentieth century when DuPont established a major plant here, earning Hopewell a reputation as the "Chemical Capital of the World" in its industrial heyday. Today it functions as a quiet stop between two more heavily visited destinations: the historic city of Petersburg to its west and the state capital of Richmond roughly 25 miles to the north. Its position along the lower James River and proximity to several major roadways makes it a natural waystation for travelers exploring the greater Richmond–Petersburg region.

Just a short drive west of Hopewell lies Petersburg National Battlefield, one of the most visited Civil War sites in the country. The park preserves the ground where Union and Confederate forces clashed during a months-long campaign in 1864 and 1865, with earthworks, trenches, and a handful of restored structures spread across multiple units. It is a marquee draw for history-minded visitors and a natural pairing for a Hopewell stay.

The James River corridor north and east of Hopewell is dotted with surviving colonial-era plantations, two of the most prominent being Berkeley Plantation and Shirley Plantation. These estates trace their histories back to the seventeenth century and are recognized among the oldest continuously farmed plantations in Virginia. Both offer house tours, grounds, and river views, and they sit within a roughly 20- to 30-minute drive of Hopewell, making them easy day trips for guests interested in early American history.

Hopewell itself sits adjacent to the Appomattox River, and outdoor enthusiasts often use the city as a base for exploring the lower James and Appomattox waterways, where public access points support fishing, paddling, and riverside walks. The area's flat terrain and riverfront setting also place visitors within easy reach of regional state parks and wildlife areas to the south and west.

For short-term rental investors, Hopewell offers a compelling combination of affordability, central location, and access to some of Virginia's richest historical and natural attractions. Guests staying here can spend mornings on Civil War battlefields, afternoons touring James River plantations, and evenings reaching Richmond's dining and arts scene in well under an hour, all while enjoying a community that retains the unpolished, authentic feel of an old Virginia river town.

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