Hopewell, NC

Rent in Hopewell

Median Gross Rent

$728

Rent-to-Income Ratio

22.6%

Renter Share

12.3%

Median Renter Income

$44,063

Avg Household Size

2.2

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

2 Bedrooms: $735
3 Bedrooms: $675

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 68.2%
$1,000-$1,500: 8.1%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 23.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 22.3%
20-30% (moderate): 30.4%
30-50% (cost-burdened): 10.8%
50%+ (severely cost-burdened): 12.8%
Not Computed: 23.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $60,581
Renter Households: $44,063

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 75.0%
$1,000-$1,500: 1.4%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 23.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources